Motor Oil approved the largest ever dividend offered since its listing on the Athens Stock Exchange.
Specifically, the General Meeting of Motor Oil shareholders approved the payment of a dividend of 1.4 euros per share as well as the expansion of the company’s activities in the production and sale of electricity and hydrogen.
The total dividend for the year 2023 amounts to 199.4 million euros or 1.8 euros per share (a pre-dividend of 0.4 euros was distributed in December) and is the highest amount distributed by the company since its listing in the Stock Exchange. The cut-off date is Wednesday, June 26. The 5% tax is deducted from this amount while the dividend corresponding to the shares is added.
Statement by Vardinogiannis on hydrogen
Referring to the joint company Hellenic Hydrogen that has been established with PPC, the CEO of the group, Yiannis Vardinogiannis emphasized that its use depends on the cost and that it is a future activity “but we have to be aligned with the developments. We are partners with PPC on a difficult road that we do not know how it will develop”.
He clarified that the company will not only produce green hydrogen, primarily utilizing excess renewable energy, but also other forms.
