Dividends
According to the Company Law of the Republic of Lithuania, the dividend is the part of the profit appropriated for the shareholder, which is proportionate to the nominal value of the shares owned by one. As stated in Article 60, Part 2 of the Company Law, dividends allocated by the General Meeting are the company's liability to its shareholders. The General Meeting of the shareholders which amongst other adopts decision about paying out the dividends, is convened during the four months from the end of the year. Persons, who were shareholders of the company on the tenth working day after the such general shareholders meeting (at the end of the record day), are entitled to the dividends.
Article 1.125, Part 1 of the Code of Republic of Lithuania states the ordinary limitation of actions to be ten years. Since the Civil Code and the Company Law do not specify any special limitations on dividends, an ordinary ten years limitation of actions is applied.
The company pays out the dividends not later than 1 month after the day of adoption of the resolution on profit appropriation. For the shareholders whose securities are accounted at Finasta AB FMÁ, dividends are transfered to the indicated accounts. If the shareholder hasn’t stated the account number and hasn’t received any dividends, he/she should contact Finasta by the following address: Maironio str. 11, Vilnius. For the shareholders, whose securities are accounted at other financial brokerage companies or banks, providing securities accounting services, dividends are transferred to shareholders’ money accounts, opened at the particular companies.
| For the financial year |
Total sum appointed for the dividends(LTL) |
Sum, appointed for the dividends per share(LTL) |
% of nominal value |
Dividend yield = dividend per share/share price for the last day of the of the period |
Dividend payment rate = dividends in total/net profit |
| 2002 |
760 000 |
0.02 |
2 |
5.4% |
1.03 |
| 2003 |
1 900 000 |
0.05 |
5 |
1.8% |
0.95 |
| 2004 |
6 062 601 |
0.15 |
15 |
2.0% |
0.31 |
| 2005 |
8 346 932 |
0.20 |
20 |
1.4% |
0.87 |
| 2006 |
11 252 094 |
0.25 |
25 |
2.0% |
0.39 |
| 2007 |
12 770 655 |
0.30 |
30 |
1.7% |
0.15 |
|
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