Montenegro's Universal Capital Bank to pay dividend for 2023

The proposal will be put to the vote on April 25, UCB said in a filing with the Montenegro Stock Exchange on Monday, without disclosing the amount of the planned dividend.

In November 2023, UCB decided to distribute a dividend for 2021, paying a gross 0.1 euro per share, or 2.6 million euro in total.

UCB's equity is divided into 25,934,646 shares of 0.51 euro in nominal value each.

Podgorica-based export-import company Sigma Delta Holdings owns 83.3% of UCB, followed by local firm Sigma Delta Investments with 8.8% and Dubai-based MRI Consulting DMCC with 7.6%. The remainder belongs to smaller shareholders, bourse data showed on Tuesday.

According to the Montenegrin commercial registry, Sigma Delta Holdings is established by Greek businessman Petros Stathis who owns 100% of the company.

Stathis is also the owner of Adriatic Properties which holds the development, operating, and leasehold rights for the Sveti Stefan resort on the eponymous Adriatic island.

($ = 0.923 euro)