From now on, an interim dividend distribution becomes legitimate in Lithuania.
In Lithuania Company law, an interim dividend is not described as a dividend distributed in advance; it is forbbiden to distribute a dividend for the period that has not started, because companies cannot evaluate their future profits precisely. In other words, companies are not allowed to distribute dividends for the financial year that has not finished yet.
The shareholders that have at least 1/3 of all votes (articles of the company might determine a bigger amount) can initiate the distribution of interim dividends. The required amount is different, compare…
