The Board has adopted a dividend policy for the Company which will look to maximize shareholder value and reflect its strong earnings potential and cash flow generation, while allowing it to retain sufficient capital to fund ongoing operating requirements and to invest in long-term growth (including opportunistic capital expenditures and acquisitions).
Dividend distribution is subject to the company's ByLaws. Article 33 of the company’s bylaws stipulates that the General Assembly determines the percentage that must be distributed to shareholders from the net profits after deducting reserves, if any.