Distribution of interim dividends in Lithuania

  • 2012-04-25
  • By Donata PundinaitÄ—, Associate Lawyer
ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontoraNew joint-stock and limited liability company regulations related to interim dividends came into force on March 1, 2012. An interim dividend is a dividend which is declared and distributed before the company‘s annual earnings have been calculated. Before these new regulations, the decision to distribute the dividends had to be made by the general meeting only after the end of the financial year, so it was allowed to distribute a dividend only once a year. From now on, an interim dividend distribution becomes le...
 
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