Orco plans to double dividend payment in three years

Orco’s CEO said the company plans to raise the dividend payment by 15% to 20% annually over the next two to three years and thus almost double its dividends (from the EUR 0.45 paid last year to EUR 1 in 2008). In 2005 the dividend could reach EUR 0.54 and investors will be able to choose whether to be paid in cash or in shares, just like last year. The dual listing of Orco shares and convertible bonds on the PSE in the SPAD system is to start on February 1. Source: Bloomberg