Navigator to pay early dividend of 7.03 cents by year’s end

  • ECO News
  • 17 December 2021

This advance payment, which was decided by the Board of Directors, will be paid to Navigator shareholders until the end of December, and will have a total value of almost €50 million.

Navigator announced on Thursday that will pay a dividend of 7.03 cents per share to shareholders before the end of the year, as an advance on the company’s profits in 2021.

This advance payment, which was decided by the Board of Directors, will be paid to Navigator shareholders until the end of December, and will have a total value of almost €50 million.

“Considering the Company ́s performance during the course of 2021, the Board of Directors of The Navigator Company S.A. informs that in today ́s meeting it approved an advance on profits, to be distributed until the end of the year, in the amount of 49,996,169.75 Euros, equivalent to a gross amount of 0.0703 Euros per share,” the company said in a statement sent to the Portuguese Securities Market Commission (CMVM).

According to the latest figures available, Navigator maintained its positive trajectory in the third quarter of the year, with turnover up 8% compared with the previous three months, to a total of €405 million.