Nicosia, Cyprus. Lordos Hotels (Holdings) Public Ltd announced on Wednesday that it has dispatched and completed payment of the dividend previously approved by shareholders.
The €0.04 dividend per share, equal to 11.76 per cent of the share’s nominal value, was approved at the company’s annual general meeting on June 24, 2026.
Dividend payment process
The board of directors had proposed the dividend before it was approved by shareholders.
The record date for the payment was Monday, July 6, 2026, covering transactions completed by the end of the trading session on Thursday, July 2, 2026. The company’s shares traded cum dividend until July 2 and ex-dividend from Friday, July 3.
Eligible beneficiaries included investors whose off-floor transactions had been finalised and entered into the Dematerialised Securities System by the record date.
First-half outlook
The dividend distribution comes as the company expects its results for the first half of 2026 to be lower than those recorded in the same period of 2025.
Lordos Hotels attributed the expected decline to lower occupancy rates at its hotel units, citing geopolitical tensions in the Middle East and their effect on Cyprus’s tourism sector.
Previous-year performance
The company reported a stronger performance in 2025, supported by higher occupancy levels and increased revenue per room across its properties.