Overview of Dividend Allocation for AB Kauno Energija
AB Kauno Energija, a notable player in the energy sector, will commence its dividend payouts in 2025. The decision to allocate EUR 0.02435 per share has been made at the recent shareholders' meeting. This strategic move aims to reward shareholders and strengthen engagement in the company’s future growth.
Payment Timeline and Methods
When Will Dividends Be Paid?
The scheduled payment date for dividends is set for 23 May 2025. Shareholders must be informed of the procedures to ensure they receive their due payments seamlessly.
How Will Dividends Be Distributed?
Shareholders can anticipate the following distribution methods for the dividend payments:
1. For shareholders whose AB Kauno Energija shares are managed by financial brokerage firms or credit institutions, the payout will be made directly to their accounts. The amount received will reflect the dividends after the requisite Personal or Corporate income tax has been deducted, in compliance with Lithuania's tax laws.
2. For those whose shares are under the custody of AB SEB bankas, the dividends will similarly be transferred post-tax adjustments to their bank accounts. Individuals opting for payout in different financial institutions must ensure they communicate their banking details to AB SEB bankas through designated branches.
Taxation on Dividends for 2025
Understanding Tax Obligations
Shareholders should be aware of the tax implications associated with their dividend income:
- For natural persons residing in Lithuania and those who reside abroad, a withholding Personal income tax of 15% applies to the dividends.
- Corporate entities receiving dividends, whether from Lithuania or abroad, are subject to a Corporate income tax rate of 16% unless different rates are specified under applicable laws.
Double Taxation Agreements
How to Benefit from Tax Agreements
Individuals from countries that have agreements with Lithuania to avoid double taxation can benefit from reduced tax rates. To avail of these advantages, an application—Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1)—must be filed. This form should be prepared carefully, complying with legal standards, and sent to AB Kauno Energija along with broker confirmation no later than 16 May 2025.
Contact Information for Further Inquiries
For any questions regarding the dividend payout process, shareholders are encouraged to reach out to AB SEB bankas at +370 5 268 28 00. Additionally, for any inquiries about the dividend itself, Virgilijus Motiej?nas, the CFO of AB Kauno Energija, can be contacted at +370 687 89362. Providing clarity on these processes is pivotal to ensure shareholders are well-informed and compensated timely.
Frequently Asked Questions
When will AB Kauno Energija pay out dividends?
The dividends are scheduled to be paid out starting 23 May 2025.
How much dividend will shareholders receive?
Each shareholder will receive EUR 0.02435 per share owned in AB Kauno Energija.
What are the tax rates on dividends for 2025?
A Personal income tax of 15% applies for individuals, while a Corporate income tax of 16% is applicable for legal entities.
How can foreign residents reduce their taxation on dividends?
Foreign residents can benefit from lower tax rates through double taxation agreements by submitting the proper form FR0021 (DAS-1) to AB Kauno Energija.
Who should shareholders contact for more information?
For inquiries regarding dividends, shareholders may contact AB SEB bankas or the CFO of AB Kauno Energija, Virgilijus Motiej?nas.
