INTER RAO Lietuva to pay dividend of 0.58 euro per share
Shareholders of AB INTER RAO Lietuva approved during today’s Annual General Meeting a dividend payment of EUR 11.6 million (EUR 0.58 per share) for the year 2018. The dividend record date was scheduled for May 13 and the payout will be made on May 17th.
The decision of the General Meeting is in line with the Management Board’s proposal and means that nearly the entire standalone net profit of AB INTER RAO Lietuva for 2018 was allocated to dividend payment. At the same time, the amount corresponds to a little over 100% of INTER RAO Lietuva Group’s consolidated net profit for 2018, which reached EUR 11.45 million.
“INTER RAO Lietuva confirms its long-standing status of a reliable dividend-paying company. It is the sixth consecutive year in which we are distributing our entire net profit to shareholders, which is especially impressive considering the fact that in 2018 the firm managed to significantly increase its net profit despite a challenging macroeconomic environment. INTER RAO Lietuva intends to maintain this excellent track record in sharing profits in the coming years, unless significant and attractive investment opportunities appear,” said Giedrius Balčiūnas, the CEO of AB INTER RAO Lietuva.