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Croatia’s IGH Proposes To Pay Lower 2008 Dividend

Sep 14, 2009, 1:39:00 PMArticle by Georgi Georgiev
share
September 14 (SeeNews) - Croatian blue-chip civil engineering company Institut Gradjevinarstva Hrvatske (IGH) on Monday said it plans to pay a dividend of 50 kuna ($9.9/6.8 euro) per share for 2008, down from the 75 kuna per share payout for the previous year.

Croatia’s IGH Proposes To Pay Lower 2008 Dividend

The 2008 dividend proposal will be voted on at a general shareholders' meeting scheduled for October 26, the company said in a statement to the Zagreb Stock Exchange (ZSE).

The company shares, part of the 24-share benchmark CROBEX index of the ZSE, closed at 4,100 kuna on Monday, down from their Friday close of 4,127.87 kuna.

(1 euro=7.3292 Croatian kuna)

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