Considering cash flow generation in 2017 and the Company’s solid capital structure, the General Shareholders’ Meeting, held on May 15 2018, approved a cash dividend of €0.55 per share related to 2017, corresponding to a 10% YoY dividend increase.
It is worth noting the payment of an interim dividend approved by the Board of Directors of €0.275 per share in September 2018.
Galp will continue to ensure it has the capital required to implement the planned investment programme, which is critical to the success of the strategic execution. Dividend distribution will continue to be dependent on cash flow generation, value accretive investment opportunities and financial discipline.
1 Extraordinary Dividend
¹ The dividends from 2003 to 2005 are adjusted to the stock split made in 2006
² Based on the share price at the last day of the year
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