September 19 (SeeNews) - Croatian shipbuilding company Viktor Lenac [ZSE:VLEN] said on Wednesday it will pay a dividend of 1 kuna ($0.16/0.13 euro) per share for 2017, reversing its July announcement that it plans to seek its shareholders' approval to skip dividend.
Viktor Lenac will pay a total 16.8 million kuna in dividend, while retaining 20.2 million kuna, the company said in a Zagreb bourse filing.
The dividend distribution was voted on by the company shareholders on September 19.
In August, Viktor Lenac said it supports the buyout bid launched by Italy's Palumbo Group for the 59.48% interest it does not yet own in the Croatian company.
Palumbo Group holds 18.24% interest in the Croatian company, while P&L Shiprepair Holding Limited S.p.A. controls a 22.28% stake.
(1 euro=7.43363 kuna)