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Krymenergo AGM approves UAH 5.8 mln dividend

Krymenergo AGM approves UAH 5.8 mln dividend

26 March 2010

Krymenergo (UX: KREN UK) shareholders, at an AGM yesterday, approved paying out UAH 5.8 mln, or 30% of 2009 net income, as dividends. Shareholders moved to put 65% of the net income into development and 5% into the reserve fund. The dividend implies DPS of UAH 0.033, and a dividend yield of 0.5%.

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