This is the first time since 2008 that Avner and Delek Drilling are distributing dividends.
Delek Group Ltd. (TASE: DLEKG) energy exploration units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling Limited Partnership (TASE: DEDR.L) reported today that they are each distributing dividends totaling $100 million. The effective date will be June 25, and the actual payment date will be June 10. This is the first time since 2008 that Delek Drilling and Avner Oil Exploration are distributing profits to investors.
Delek Drilling will distribute dividends totaling $0.18283 per partnership unit and Avner will distribute dividends totaling $0.02999 per partnership unit.
Over recent years, the general shareholders meeting agreed not to distribute dividends from activity in various oil assets, including the development of Tamar and Dalit holdings, development of the Leviathan gas field, and explorations and assessments of various oil assets.
Published by Globes [online], Israel business news - www.globes-online.com - on June 18, 2014
© Copyright of Globes Publisher Itonut (1983) Ltd. 2014
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