Dividend
Learn more about our dividend commitment and other dividend-related information.
Dividend policy
Since the Ignitis Group's IPO, we distribute our profits in line with our Dividend Policy. It is based on a fixed
starting level of EUR 85 million distributed for 2020 and a minimum growth rate of at least 3% for each subsequent financial year.
Committed to grow dividend
by ≥3%
each year
Dividend per share
1.326 €
3.1% more than last year
Expected dividend yield
6.3 – 6.9%
during the 2023–2026 period
*Dividend yield for the 2023–2026 period is calculated based on Ignitis Group’s share price: 20.5 EUR/share.
Information on dividend payments
Year for which dividends are paid | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Paid amount, EURm | 86.0 | 100.7 | 78.3 | 13.0 | 28.0 | 85.0 | 87.6 | 90.3 | 93.1 | 96.0 |
| EPS, EUR | 2.30 | 2.16 | 4.04 | 4.42 | 3.82 | |||||
| DPS, EUR | 1.143 | 1.189 | 1.248 | 1.286 | 1.326 | |||||
| Dividend pay-out, % | 49.8 | 54.7 | 30.8 | 29.1 | 29.1 | |||||
| Dividend yield, % | ||||||||||
| For ordinary registered shares owners | 5.6 | 5.7 | 6.6 | 6.8 | 6.8 | |||||
| For GDR owners | 5.7 | 5.8 | 6.6 | 6.9 | 7.0 | |||||
Other relevant information on dividend payments
| Period | Dividend per share | Date of decision | Ex-dividend date | Record date | Payment date | Other relevant information |
|---|---|---|---|---|---|---|
| For 2020 H2 | 0.579 | 25 March 2021 | 8 April 2021 | 9 April 2021 | 21 April 2021 | Link |
Taxation of dividends
In this section, you can find up-to-date information related to dividend taxation for security holders.
Deductions
| Type of investor | Residence of investor | Tax rate | Possibility to reduce the applicable tax rate |
|---|---|---|---|
| Natural person | The Republic of Lithuania | 15% | Not applicable |
| Other than the Republic of Lithuania | 15% | Applicable for some countries (please refer to information below) | |
| Legal entity1 | The Republic of Lithuania | 16% | Not applicable |
| Other than the Republic of Lithuania | 16% | Applicable for some countries (please refer to information below) |
1 From January 1, 2025, dividends paid to Lithuanian and foreign companies will be subject to corporate income tax at a rate of 16%.
Application of Treaty on Avoidance of Double Taxation
Residents of foreign countries that have concluded Double Taxation Treaties (hereinafter – DTT) with the Republic of Lithuania could take advantage of reduced tax rates, if provided by DTT, by submitting a Claim for Reduction or Exemption from the Anticipatory Tax Withheld at Source, form FR0021 (DAS-1) or other form approved by a foreign country’s tax authority.
The form completed by the tax authorities of the country of residence by following the law requirements must be submitted to Group's investor relations team ([email protected]) by the day specified in the divided payment information, through a broker or a credit institution's branch providing securities accounting services to the foreign resident shareholder.
The Group does not undertake to satisfy shareholders' requests if the form is received later than the set deadline. In such cases, the resident of a foreign country or his/her proxy can submit a request to the State Tax Inspectorate of the Republic of Lithuania and get a refund of the excess amount of the deducted tax.
Information for investment and pension funds
Dividends paid to Lithuanian units, collective investment undertakings, entities of venture and private equity and pension funds may be exempted in accordance with the provisions of the Law on Corporate Income Tax of the Republic of Lithuania only upon providing a signed confirmation that they comply with the form of activity of the specified entities (hereinafter - the Confirmation). The following additional information is required to confirm the identity of the funds:
• name of the fund;
• identification number;
• ownership (owner or customer intermediary);
• form of activity:
- collective investment undertaking;
- entity of venture and private equity;
- pension fund.
Signed confirmations must be submitted to Group's investor relations team ([email protected]) by the date specified in the dividend payment information. Collective investment schemes, venture capital and private equity companies and pension funds that held ORS before 19 October 2022 and have submitted Confirmations with unchanged information do not need to resubmit their signed confirmations.
Information for owners of Global Depositary Receipts representing the ORS
The owners of Global Depositary Receipts representing the ORS (hereinafter – GDR) of the Group must take into account the specifics of legal regulation of GDRs, market differences and must consult with the GDR issuer (the Bank of New York Mellon), its authorised party or their securities managers regarding the moment of entitlement to receive dividends and other aspects, including eligibility of tax exemptions, application of treaties on avoidance of double taxation and refunding of taxes related to investments into GDRs.
More information about taxation can be found in the Group’s IPO Prospectus, ‘PART 16 – Taxation’, starting on p. 306.