Arco Vara AS Proposes Quarterly Dividend, Payable on September 13, 2024
March 13, 2024 at 03:00 am EDT
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The supervisory board and CEO of Arco Vara AS proposed to continue with the dividend policy, which pays dividends quarterly: 2 cents in June, 1 cent in September, 2 cents in December and 1 cent per share in March. EUR 0.01 per share will be paid to the shareholders on 13 September 2024 by transfer to the shareholder's bank account. The respective dividend record date is on 6 September 2024.
This dividend will be proposed to the AGM to be held on 9 May 2024.
Arco Vara AS is an Estonia-based company active within the property industry. The Company focuses on the building construction, civil engineering, special engineering and real estate services. Its business consists of three segments: Development segment, which is engaged in the development of residential and commercial environments, as well as long-term investment in real estate; Service segment, which is involved in the real estate brokerage, valuation and management, and short-term investment in real estate, and Construction segment, which provides general and sub-contracting in the field of general construction, civil and environmental engineering, and construction supervision services. Arco Vara AS has numerous subsidiaries, including Arco Lozen EOOD, Acro Invest EOOD, and Acro Real Estate SIA. The Company operates in Estonia, Latvia and Bulgaria.