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INTER RAO Lietuva   News   News   INTER RAO Lietuva to pay a dividend of 51 euro cents per share

INTER RAO Lietuva to pay a dividend of 51 euro cents per share

2017 04 28

At the Annual General Meeting shareholders of AB INTER RAO Lietuva approved a dividend paymet of EUR 10.2 million, or EUR 0.51 per share, for the year 2016. The dividend record date was scheduled for the 15th May 2017 and the dividend will be paid out to shareholders on the 24th May 2017.

The decision of the General Meeting is in line with the Management Board’s proposal and means that the entire standalone net profit of AB INTER RAO Lietuva for 2016 was allocated for dividend payment. At the same time, the amount corresponds to more than 110% of Inter RAO Lietuva Group’s consolidated net profit for 2016, which exceeded EUR 9.2 million.

“The approved dividend payment is in line with our dividend policy, which we have consistently delivered since the debut on the Warsaw Stock Exchange. It also marks the third consecutive year of dividend payouts close to 100% of stand-alone net profit. Our intention is to continue this policy also in the coming years, unless significant, attractive investment projects are available”, said Giedrius Balčiūnas, the CEO of AB INTER RAO Lietuva.

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