Jugopetrol shareholders will start paying dividends today, 78,26 cents net per share.
The dividend will be paid in all branches of the First Bank of Montenegro.
The company announced that the dividend is paid in accordance with the decision of the regular annual shareholders' meeting, which was held on May 25.
In total, four million euros will be earmarked for the dividend.
"The right to a dividend belongs to shareholders who are registered in the list of shareholders at the Central Depository Agency (CDA) on the day of the Shareholders' Assembly and the adoption of the Decision on the distribution of net profit and the payment of dividends," said the company.
Dividends will be paid to companies based on their requests with payment instructions that must be sent to monika.lekic@prvabankacg.com and snezana.buric@prvabankacg.com.
Jugopetrol ended last year with a net profit of 4,83 million euros.
Since the end of 2002, the majority owner of Jugopetrol has been the Greek Hellenic Petroleum International, which owns 54,35 percent of the company's shares.
A significant share belongs to the Company for management affairs and real estate management MIG and the joint investment fund Trend, 9,21 percent and 5,97 percent, respectively. The owner of about 4,26 percent of Jugopetrol's shares is hidden behind HB Collective custody account 3. Lars Ernest Bader has 2,93 percent, CK collective custody account 1 has 1,48 percent, Radoslav Tomić from Belgrade has 1,03 percent of shares, and Atlas Mont 1,02 percent.
Other owners have a share of less than one percent.
In December last year, the shareholders of Jugopetrol approved the change of the company's headquarters from Kotor to Podgorica.
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