INTER RAO Lietuva to pay a dividend of 80.5 euro cents per share
At today’s Annual General Meeting shareholders of AB INTER RAO Lietuva decided to pay a dividend of EUR 16.1 million, or EUR 0.805 per share, for 2015. The dividend record date was scheduled for 13 May and the dividend will be paid out to shareholders on 24 May.
The decision of the General Meeting is in line with the Management Board’s proposal and means that almost the entire standalone net profit of AB INTER RAO Lietuva for 2015 was allocated for dividend payment. Simultaneously, the amount corresponds to more than 85% of the Group’s consolidated net profit for 2015, which exceeded EUR 18.8 million.
“Paying out most of the profits to shareholders is in line with our dividend policy, which we presented during our IPO in 2012 and have consistently carried on since the company’s debut on the Warsaw Stock Exchange. 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.
Last year, AB INTER RAO Lietuva paid out EUR 11.2 million, or EUR 0.56 per share, in a dividend for 2014.