Cyprus Logicom declares 4 cent dividend

Logicom Public Ltd (LOG) announced the approval of its final audited FY08 financial results. The Board decided to propose a final dividend of EUR0.04 per share, which corresponds to a 48.7% payout from 2008 earnings. The shares go ex-div on 16 June 2009 and will be paid to the shareholders by July 2, 2009.
The Company recorded a net profit of EUR 5.88 mln (no material change from the announced preliminary figure of EUR 5.87mln), registering a 23.5% YoY decrease. EPS came in at EUR 0.0857.