INA shareholders to pay €19.8 mln dividend

Deals

Shareholders of Croatian oil and gas company INA, in which Hungaryʼs MOL holds nearly 50%, approved payment of a HRK 15-per-share dividend on last yearʼs earnings at an annual general meeting held on Friday, the minutes of the meeting reveal.

An equivalent of approximately €19.8 mln dividend from retained earnings in HRK will be paid, the shareholders of the firm voted.

"This payment is proposed to demonstrate the strength of the company even in a challenging environment as well as to provide return to the investors thus reinforcing their confidence," the management said earlier, in the AGM invitation.

The proposed dividend "will not jeopardize financing of future projects nor will it have a significant impact on strong financial position and net debt levels", the management added.

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