Does OEC pay dividends? If not, does the Company plan on paying a dividend in the future?
As stated in the Company's 2016 Full Year Outlook and report on Form 6-K dated March 4, 2016, the Company's regular quarterly dividend is EUR 10 million, with Chief Executive Office Jack Clem stating, "We are confident in the power of our business model to generate excess cash flow to cover our dividend." The Company paid dividends in the aggregate amount of EUR 40 million each year in both calendar years 2014 and 2015.
In accordance with Luxembourg law, the general meeting of shareholders has the power to make a resolution on the payment of dividends upon the recommendation of our board of directors. In deciding whether to recommend any future dividend, the board of directors would take into account any legal or contractual limitation, our actual and anticipated future earnings, cash flows, debt service and capital requirements, our business plans and such other matters as the board of directors believes appropriate, in its discretion.