Montenegrin oil products distributor Jugopetrol will pay a lower gross dividend of 1.29 euro per share this year, the company said in a statement with the Montenegrin bourse.
The shareholders decided on May 29 to allow the company to retain its 2023 net profit of 7.04 million euros distributed as a dividend of 6 million euros in total.
In 2023, the company allocated a total of 6.5 million euros for dividend payment, distributing a gross of 1.4 euros and a net of 1.19 euros per share.
Its shares last traded on June 3, closing down 2.44% at 12 euros, bourse data showed.
Helleniq Energy International GmbH, part of Greece’s Helleniq Energy, is Jugopetrol’s largest shareholder with a 54.35% stake. The remainder belongs to smaller shareholders.
