Wilmar International Ltd (WLMIF) recently announced a dividend of $0.11 per share, payable on 2024-05-14, with the ex-dividend date set for 2024-04-29. 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 Wilmar International Ltd's dividend performance and assess its sustainability.
Singapore-listed Wilmar International reported a 14% drop in its first-quarter net profit on Monday, hurt by weak performance from its feed and industrial products segment, and flagged difficult operating conditions for the rest of the year. The company, one of the world's largest food producers, said core net profit for the three months ended March 31 was $328.4 million, compared with $381.9 million a year ago. Sales volume of feed and industrial products segment — the biggest profit generator for the company — was 14.6 million tonnes for the quarter, up 7%.
Wilmar International has posted net profit of US$302.9 million for 1QFY2024 ended March 31, 22.6% lower y-o-y.