INTER RAO Lietuva to pay dividend of EUR 0.70 per share
Shareholders of AB INTER RAO Lietuva approved during today’s Annual General Meeting a dividend payment of EUR 14.0 million (EUR 0.70 per share) for the year 2019. The dividend record date is scheduled for May 12 and the payout will be made on May 18.
The decision of the General Meeting is in line with the Management Board’s proposal and means that virtually the entire standalone net profit of AB INTER RAO Lietuva for 2019 was allocated to dividend payment. At the same time, the amount corresponds to a nearly 80% of INTER RAO Lietuva Group’s consolidated net profit for 2019, which reached EUR 17.65 million.
“INTER RAO Lietuva confirms its long-standing status of a reliable dividend-paying company. It is the seventh consecutive year in which we are distributing almost entire net profit to shareholders. In terms of financial performance, 2019 was the second-best year for INTER RAO Lietuva while listed on the Warsaw Stock Exchange. Therefore, the dividend payment for the last year will also be the second highest in our history. We intend 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.