Dividends policy
On 25th January 2016 the Board of AB Klaipėdos nafta has approved the Dividend Policy. The Dividend Policy provides that the Board of the Company shall, on the basis of net profit of previous financial year of the Company and General Manager’s proposal regarding profit distribution, present the draft decision to approve the dividend allocation equal to 50per cent of the Company’s annual net profit to the Company’s shareholders.
During 2016-2020 the Company sets the goal to increase the shareholders’ value and pay stable dividends. The main objectives for a newly created dividend policy are:
The amount of dividends proposed may be adjusted if:
Below is the historical information about paid dividends in periods for the prior financial year:
During 2016-2020 the Company sets the goal to increase the shareholders’ value and pay stable dividends. The main objectives for a newly created dividend policy are:
- To create transparent dividend calculation procedure;
- To ensure attractiveness of investment into the Company;
- To balance short-term and long term interests of shareholders, that is to find a balance between short term profit distribution and long term Company development, value growth.
The amount of dividends proposed may be adjusted if:
- The significant change in Company’s financial standing and forecasted financial ratios;
- The Company has difficulties to collect compensation for the LNG terminal lease expenses;
- The change of plans for the implementation of strategic projects, their scope or funding needs.
Below is the historical information about paid dividends in periods for the prior financial year:
2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
Dividends in EUR thousand | 11,577 | 17,031 | 9,656 | 17,629 | 92.6 | 103.2 | 118.8 |
Dividends per one share in EUR | 0.03044 | 0.0447 | 0.0254 | 0.0463 | 0.0002 | 0.0003 | 0.0003 |
Net profit per 1 share in EUR | 0.03044 | 0.0447 | 0.04 | 0.06 | 0.02 | 0.03 | 0.03 |
Dividends for net profit (of previous FY), % | 100% | 100% | 70% | 80% | 1% | 1% | 1% |