Mermeren Kombinat announced that it will distribute a dividend of MKD 210.4 million ($3.82 million or EUR 3.42 million) out of its 2016 net profit of MKD 213.5 million. The company will pay a gross dividend of MKD 44.9 per share after its shareholders approved the proposed dividend payout. The stock will go ex-dividend on June 23, 2017 and the company will start distributing dividend as of June 30, 2017.