Carlsberg A/S (CABGY) recently announced a dividend of $0.78 per share, payable on 2024-03-21, with the ex-dividend date set for 2024-03-12. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Carlsberg A/S's dividend performance and assess its sustainability.
Carlsberg's unit in Kazakhstan has filed an appeal with a Russian court after the Danish brewer was banned from selling the Baltika beer brand of its former Russian partner in some international markets, court documents showed. Moscow took control of Carlsberg's stake in Baltika, Russia's largest brewer, in July 2023 and placed it under "temporary management", prompting Carlsberg Group CEO Jacob Aarup-Andersen to say its business had been stolen. At the time, Baltika signed agreements transferring trademark rights to Carlsberg entities abroad, without the involvement of the newly-appointed company president Taimuraz Bolloev, the Vedomosti newspaper reported.
Carlsberg's unit in Kazakhstan has filed an appeal with a Russian court after the Danish brewer was banned from selling the Baltika beer brand of its former Russian partner in some international markets, court documents showed. Moscow took control of Carlsberg's stake in Baltika, Russia's largest brewer, in July 2023 and placed it under "temporary management", prompting Carlsberg Group CEO Jacob Aarup-Andersen to say its business had been stolen. At the time, Baltika signed agreements transferring trademark rights to Carlsberg entities abroad, without the involvement of the newly-appointed company president Taimuraz Bolloev, the Vedomosti newspaper reported.