Galp’s shareholders approve €414.6 million dividend

  • ECO News
  • 29 April 2022

The shareholders approved distribution of €0.50 per share. Amorim Energia will receive more than €138 million, while the state will be paid €31 million.

Galp Energia’s shareholders approved this Friday the payment of €414.6 million in dividends, over 80% of the profits earned in 2021. The payout corresponds to a dividend of €0.50 cents per share.

Of this amount, €138.2 million will be delivered to the Amorim Energia consortium, the oil company’s main shareholder. Parpública, which manages the state’s financial holdings, will receive around €31 million, according to ECO calculations.

The remaining portion of the 2021 profits, close to €85.8 million, will be retained by Galp, according to information released Friday by the company.

More than 99% of the voting rights represented in the general meeting voted in favour of the proposal of Galp’s Board of Directors. That is, less than 1% voted against