On September 10, the Board of Directors of BELUGA GROUP approved the company's new dividend policy, which sets out a number of key principles for determining the amount of dividends on shares, and the procedure for paying them out to shareholders.
The basic principles of the dividend policy are summarized below:
The amount of dividend payments is recommended by the Board of Directors and is set as at least 25% of the company's consolidated net profit according to IFRS.
- The targeted frequency of dividend payments is at least twice a year.
The final decision on dividend payments shall be approved by a general meeting of shareholders.
The new dividend policy is a follow-up formalization to the dividend payment paid by the Company earlier in 2020 and should further enhance its equity story with investors.