July 31 (SeeNews) - Slovenian hotel operator Union Hoteli [LJE:GHUG] said it plans to distribute a flat dividend of 0.17 euro ($0.19) per share for 2018.
The company plans to allocate for dividend payout 301,730 euro from its 13.27 million euro profit for 2018, it said in a filing with the Ljubljana Stock Exchange (LJSE) on Tuesday.
The remainder of the 2018 profit will be retained.
The proposal will be put to the vote at Union Hoteli's shareholders meeting scheduled for August 30.
If approved, the dividend will be distributed on November 29, 2019.
Union Hoteli's shares last traded on July 24 on the LJSE, closing flat at 20.8 euro.
The Union Hoteli group operates the Grand Hotel Union, the Grand Hotel Union Business, the Hotel Lev and the Central Hotel, located in the central part of Ljubljana.
($=0.897108 euro)