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Serbia's Messer Tehnogas to pay lower dividend for 2018

Author Radomir Ralev
Serbia's Messer Tehnogas to pay lower dividend for 2018 Author: Messer Group. License: All rights reserved.

BELGRADE (Serbia), July 16 (SeeNews) - Serbian blue-chip industrial gases producer Messer Tehnogas [BEL:TGAS] said its shareholders have approved a gross dividend payout of 425 dinars ($4.1/3.6 euro) per share on 2018 earnings, down from 500 dinars paid last year.

The total dividend payout on 2018 earnings will stand at 440.6 million dinars, the company said in a filing with the Belgrade bourse.

A total of 1.382 billion dinars of the 1.823 billion dinars profit recorded last year will remain undistributed.

The shareholders approved the proposed dividend distribution at a meeting held on June 14.

After the dividend payment, the undistributed profit of Messer Tehnogas, including contributions from previous years, will total 13.647 billion dinars.

(1 euro = 117.711 dinars)