Vassiliko declares 1.5c interim dividend

Vassiliko Cement Works Pcl (VCW) declared a 1.5c or EUR 2.6 per share interim dividend or 6% on nominal value, the same as a year ago following the announcement of a sharp increase in profitability during the first nine months of the year.

The Board of Vassiliko decided that all those on the share register by December 6 will be eligible to participate in the dividend, which will cost the company CYP 806k or EUR 1.4 mln in cash outflow.

The yield based on current prices according to Financial Mirror calculations amounts to 0.83%.