Shareholders approve 11 pct dividend increase at Slovenia's Petrol

Petrol dd Ljubljana

10/04/2017 15:03

LJUBLJANA, April 10 (Reuters) - Shareholders in Slovenia's 
largest fuel retailer Petrol  PETG.LJ  on Monday approved an 
increase in the company's  dividend for 2017 to 14 euros per 
share from 12.6 euros paid last year, the company said. 
    The dividend they approved is higher than 12.35 euros per 
share originally proposed by Petrol's management in February. 
The higher dividend was proposed by state-owned investment fund 
Slovenian Sovereign Holding, Petrol's largest shareholder, with  
a shareholding of about 20 percent. 
    The company, which also operates filling stations in 
Croatia, Serbia, Bosnia, Montenegro and Kosovo, in February 
reported an 11 percent rise in group net profit for 2016. 
 urn:newsml:reuters.com:*:nL8N1G25YY 
    
 
 (Reporting By Marja Novak. Editing by Jane Merriman) 
 ((Marja.Novak@thomsonreuters.com; +386-1-5058805, Reuters 
Messaging: marja.novak.thomsonreuters.com@reuters.net)) 
 
Keywords: PETROL DIVIDEND/