Soft commodities producer Trigon Agri (STO: TAGR) held its Annual General Meeting yesterday. Among the decisions was to set a firm dividend policy of 30% of annual net profits to be paid out in dividends. In 2011 the company made its first net profit.
Since the company is headquartered in Denmark, investors should take note that the country is not always the most favourable source of dividend income as far as taxation goes. For this first dividend it is unlikely to matter much, since the payment will be a whole 0,00278 euros per share (350 000 Euros in total).
Chairman of the Board Joakim Helenius will not get a wage from that task in 2012. Ordinary members will be renumerated 10 000 Euros each.
The next catalyst should be the decision regarding Trigon Dairy Farming, which aims to make it operations in Estonia to be the largest dairy farm in the EU. It has been assumed that the aim of the company is to list milk producing operations, most likely in Estonia.
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