(AOF) – Maurel & Prom announces the increase in the dividend proposal made by its board of directors and which will be submitted to the vote of shareholders at the general meeting to be held on May 28, 2024. During the publication of the annual results for the 2023 financial year on March 1, 2024, the proposal by the board of directors of a dividend of 0.23 euros per share for the 2023 financial year was announced, for a total distributed amount of approximately $50 million. This dividend proposal was similar to the dividend paid in July 2023.
Given the excellent financial health of the group, as demonstrated by the positive net cash position at the end of March 2024, and the maintenance of crude oil prices at a sustained level, the board of directors has decided to increase the dividend proposal at 0.30 euros per share, for a total distributed amount of approximately $64 million.
This remains compatible with the group’s growth and acquisitions strategy, which is once again confirmed by the board of directors.
The dividend will be paid on July 5, 2024, it being specified that the ex-date will be July 3, 2024 and the reference date (record date) will be July 4, 2024.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
