Dana Gas recommends paying no dividend for 2013

March 06, 2014 - 9:41:16 am

ABU DHABI: Dana Gas, a United Arab Emirates energy company, said on Thursday that its board has recommended not paying any dividend to shareholders for 2013.

The company did not pay any dividend in 2012 either, according to Reuters data.

Dana plans to hold a shareholders meeting in April to approve the board's recommendation, it said in a bourse filing on Thursday.

Dana reported a 12 percent increase in fourth-quarter net profit in February. (Reuters)