April 10 (SeeNews) - Slovenian state holding company SDH has proposed that energy company Petrol [LJE:PETG] pay a gross dividend of 14 euro ($14.8) per share for 2016, above the 12.35 euro dividend proposed earlier, Petrol said on Monday.
As the holder of a 19.75% stake in Petrol, SDH believes that the company may pay out a slightly higher dividend per share than initially proposed, Petrol said in a Ljubljana bourse filing.
SDH asks Petrol to pay out as dividend its entire profit for appropriation as of end-2016 in the amount of 28.9 million euro, instead of the initially proposed 25.5 million euro.
The dividend proposal will be voted on at a shareholders meeting scheduled for April 10.
Last year, Petrol paid a dividend of 12.6 euro per share for 2015.
($=0.944601 euro)