September 2 (SeeNews) - Slovenian hotel operator Union Hoteli [LJSE:GHUG] said it will distribute a flat dividend of 0.17 euro ($0.0.19) per share for 2018.
The company's shareholders approved at their August 30 meeting a decision to allocate for dividend payout a total of 301,730 euro from its 13.27 million euro profit for 2018, Union Hoteli said in a filing with the Ljubljana Stock Exchange (LJSE) on Friday.
The dividend will be distributed on November 29, the statement said.
The company will retain the remainder of the 2018 profit.
Last year, Union Hoteli allocated for dividend 303,120 euro from its 9.84 million euro profit for 2017, leaving the remainder undistributed.
Union Hoteli's shares last traded on August 28 on the LJSE, closing down 5.61% at 20.2 euro.
The Union Hoteli group operates the Grand Hotel Union, the Grand Hotel Union Business, the Hotel Lev and the Central Hotel, located in the central part of Ljubljana.
($=0.9119 euro)