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Dividends

Shares
Since 18 June 2018, the registered share capital of Latvenergo AS is EUR 834,791,369, consisting of 834,791,369 ordinary shares with a nominal value of EUR 1 per share. 

Dividend Policy
The distribution of Latvenergo AS dividends is regulated by the Republic of Latvia Law on the Medium-Term Budgetary Framework for 2018, 2019 and 2020 and Cabinet of Ministers of the Republic of Latvia order No. 220 of 7 May 2018 On Reduction of Total Electricity Mandatory Procurement and Capacity Component. In accordance with the legislation, the anticipated amount payable by Latvenergo AS in dividends in 2019 (for the reporting year 2018) is EUR 148.7 million (including company income tax) and EUR 136.9 million (including company income tax) in 2020. 

The actual amount payable by Latvenergo AS in dividends is determined by the Shareholders’ Meeting after the approval of the annual report, upon the evaluation of the results for the previous year.

Dividends paid by Latvenergo AS

Year when dividends were paid UNIT 2014 2015 2016 2017 2018
Dividends MEUR 23.6 31.5 77.4 90.1 156.4
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