Maurel & Prom: improved dividend proposal for 2023

(CercleFinance.com) - Maurel & Prom announces that the Board of Directors will finally submit a dividend of 0.
30 euro per share for 2023 to the Annual General Meeting on May 28, instead of the initial proposal of a stable dividend of 0.23 euro announced alongside its annual results.

The oil group justifies this increase in the proposed dividend by its 'excellent financial health, as demonstrated by the positive net cash position at the end of March 2024, and the continued strength of crude oil prices'.

This dividend, representing a total payout of around $64 million, will be paid on July 5, with an ex-dividend date of July 3 and a record date of July 4.

Copyright (c) 2024 CercleFinance.com. All rights reserved.