Arco Vara AS dividend policy proposal
March 13 2024 - 3:00AM
UK Regulatory
Arco Vara AS dividend policy proposal
The supervisory board and CEO of Arco Vara AS propose to
continue with the dividend policy, which pays dividends quarterly:
2 cents in June, 1 cent in September, 2 cents in December and 1
cent per share in March. At the current ARC1T price level, that
makes the dividend yield just over 3.6 percent.
The list of shareholders entitled to receive quarterly dividends
is fixed in all cases on the 6th of the same month.
Miko-Ove Niinemäe, the CEO of Arco Vara: "The quarterly dividend
has only received positive feedback from shareholders. While in
general, Estonian investors are used to seeing the receipt of
dividends only in the middle of the year, Arco Vara allows you to
enjoy the dividend income even before Christmas.”
The right to approve the dividend policy is at the general
meeting in the spring of 2024.
Tiina Malm
CFO
Arco Vara AS
+372 614 4630
tiina.malm@arcovara.com
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