June 24 (SeeNews) - Montenegrin oil products distributor Jugopetrol [MNG:JGPK] said its shareholders have approved a proposed annual dividend distribution in the amount of 1.86 million euro ($2.22 million) for 2020.
The company will pay out gross 0.40 euro per share, it said in a filing with the Montenegro Stock Exchange earlier this week.
Jugopetrol paid 0.50 euro gross dividend on 2019 earnings.
The shareholders of Jugopetrol approved the proposal during their meeting on June 16, the company added.
Jugopetrol, in which Greece's Hellenic Petroleum International holds a 54.4% stake, recorded a net profit of 2.6 million euro in 2020, down from 4.3 million euro in the previous year.
($ = 0.837081 euro)