Additional gross dividend of €0.17 per share
The Euskaltel Group will distribute an additional dividend of Euros 30 million tomorrow
Derio, 8 July 2019. The Euskaltel Group will distribute an additional dividend of Euros 30 million tomorrow. At its meeting on 7 May 2019 the Euskaltel Group's Board of Directors agreed the date of 9 July 2019 for the payment of an additional gross dividend of €0.17 per share outstanding with dividend rights to be paid against 2018 results, amounting to Euros 30 million.
The distribution of this additional dividend for the year ended 31 December 2018 was approved at the ordinary general shareholders' meeting held on 1 April.
It is important to note that Euskaltel?s Board of Directors agreed in October 2018 to pay an interim dividend to the Company?s shareholders against 2018 profits for a gross amount of €0.14 per share, which was paid out on 7 February 2019.
The total dividend amount distributed by Euskaltel is therefore Euros 55 million, representing a 4.2% return over the weighted average share price in 2018 and 11.5% more than the prior year.
This is the third consecutive year that a dividend has been paid out since the company was floated on the stock exchange in July 2015. Furthermore, this dividend distribution demonstrates the Group's commitment to its shareholders and reinforces the objective to add value to investors.
Euskaltel - Communication Department
94-4011229
comunicacion@euskaltel.com