Invalda INVL's Approach to Dividends in 2024
Invalda INVL is making notable strides in its dividend distribution process for the upcoming year. Shareholders can anticipate an allocation of €1.25 per share, ensuring that those invested in the company are appreciated for their support. This announcement reflects the commitment of Invalda INVL to its shareholders and aligns with its financial strategy.
Key Dates for Dividend Payments
The General Shareholders Meeting plays a critical role in the dividend distribution framework. According to the recent decisions made during this meeting, dividends will be accessible to those who hold shares in Invalda INVL at the closure of the tenth business day after the meeting date. Mark your calendars: shareholders as of 15 May 2025 will be eligible to receive these dividends.
Payment Details for Shareholders
From 23 May 2025, the distribution of dividends will take place, categorized by the type of account the shares are held in:
- For shareholders whose shares are managed by financial brokerage firms or credit institutions, the dividend amount will be credited after applying the respective withholding tax mandated in Lithuania. Funds will be transferred directly into their accounts held with the brokerage or institution.
- Those whose shares are listed under the care of AB Artea Bank will have their dividend amount processed similarly. After tax deductions, the dividends will be sent to the chosen accounts at Lithuanian commercial banks, which can be arranged through requests at the AB Artea Bank's customer service.
Taxation on Dividends in 2024
Understanding the tax implications helps shareholders manage their expectations regarding dividend payments. In Lithuania, the taxation framework for dividends paid out to natural persons, both local residents and foreigners, includes a withholding personal income tax set at 15%. On the other hand, dividends directed towards legal entities are subject to a 16% withholding corporate income tax unless specific exemptions are applied as per local laws.
Shareholder Support and Communication
Should you have questions or require further guidance about the dividend payment process or related inquiries, the designated point of contact is Raimondas Rajeckas, CFO of Invalda INVL. He is your go-to resource for clarifying any uncertainties regarding the distribution of the dividends.
Frequently Asked Questions
When will the dividends for the year 2024 be paid?
The dividends will be paid starting from 23 May 2025, following the shareholders' eligibility determination on 15 May 2025.
What amount will be paid as dividends for each share?
Shareholders can expect a dividend of €1.25 per share for the year 2024.
What is the withholding tax rate for dividends in Lithuania?
The withholding personal income tax rate for natural person shareholders is 15%, while legal entities face a 16% corporate income tax on dividends.
Who should I contact for more information about the dividends?
For further queries regarding the dividend payments, you can contact Raimondas Rajeckas, the CFO of Invalda INVL.
How are dividends distributed to shareholders with different types of accounts?
The distribution varies: dividends are credited directly into accounts held by financial institutions for most shareholders, while those under the management of AB Artea Bank have specific instructions for receiving dividends.
