Viva Energy Group Ltd. ( (AU:VEA) ) just unveiled an announcement.
Viva Energy Group Limited has announced the establishment of a Dividend Reinvestment Plan (DRP) applicable from the FY2024 final dividend. This plan allows eligible shareholders in Australia and New Zealand to reinvest their dividends to acquire additional shares at a 1.5% discount, free of brokerage and other transaction costs. The DRP is voluntary, and shareholders can choose to participate or continue receiving dividends as per their existing instructions. This initiative is expected to enhance shareholder value by offering a cost-effective way to increase holdings in the company.
More about Viva Energy Group Ltd.
Viva Energy (ASX: VEA) is a prominent player in the convenience retail, commercial services, and energy infrastructure sectors in Australia, with over 120 years of history. The company operates a vast network of nearly 900 retail convenience and fuel stores across the country and supplies fuels and lubricants to a total network of approximately 1,500 service stations. Viva Energy also owns and operates the Geelong Refinery in Victoria and manages businesses in bulk fuels, aviation, bitumen, marine, chemicals, polymers, and lubricants, supported by over 20 terminals and 79 airports and airfields nationwide.
YTD Price Performance: -5.26%
Average Trading Volume: 340
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €2.35B
For detailed information about VEA stock, go to TipRanks’ Stock Analysis page.