"Looking at privately-owned companies, the situation is quite good. Most of these companies kept their dividend payments at the previous year's levels or even increased them. However, state-owned or partially-controlled energy companies upset (investors), with Lesto and Lietuvos Energija planning no dividends and Lietuvos Dujos proposing a lower dividend than last year," it quoted Tadas Povilauskas, a Finasta analyst, as saying.
Aurimas Launikonis, director of the financial consultancy AJD Capital, said that this year's dividend proposals are in line with expectations, but also singled out energy companies.
"I still hope that we may receive some dividends from Lesto and Lietuvos Energija. The former could pay a dividend from its accumulated profit of 1 billion litas (EUR 290 m), and the latter, from its reserves," he said.
The management boards of nine out of the 33 companies listed on the NASDAQ OMX Vilnius stock exchange have proposed to pay dividends to shareholders this year. Grigiškes' management was yet to announce its dividend proposal.
