December 21 (SeeNews) - Majority state-owned marina operator Adriatic Croatia International Club [ZSE:ACI] said it has proposed to its shareholder to pay a gross dividend of 9.57 euro ($10.2) per share out of its net profit of 1.8 million euro for 2021.
Some 1.06 million kuna out of the 2021 net profit will be paid as dividend and the remaining 707,000 euro will be retained, Adriatic Croatia International Club (ACI) said in a filing to the Zagreb bourse on Tuesday.
In August, its shareholders of the marina operator decided to skip dividend payment and to retain the entire net profit for 2021.
However, a government decision from November 4 requires majority-state owned companies to contribute 60% of their after-tax profit for 2021 to the state budget for 2022.
Croatia's ministry of state property holds a 78.58% stake in ACI, while the remainder is owned by a number of minority shareholders, Zagreb bourse data showed.
The company's shareholders will vote on the proposal on February 7.
Ex-dividend date is February 20, record date is February 21 and payment date is February 28.
ACI paid a dividend of 1.07 kuna ($0.15/0.14 euro) per share for 2020.
The company's shares last traded on the Zagreb bourse on December 9, ending 3.97% lower at 7,250 kuna.
Croatia will join the eurozone as its 20th member as of January 1.
(1 euro = 7.542 kuna)