The company plans to grant a 5.6% lower dividend, compared to the previous year, although it registered a 164.7% higher profit year-on-year in 2015.
Aerostar is 71.18%-owned by Iarom SA, which will cash dividends of RON9.1 million. Regional investment fund SIF Moldova (SIF2.RO) holds a 14.8% stake in Aerostar.
Aerostar SA Bacau has a market capitalization of RON423.33 million. Aerostar shares rose 48.27% over the last year, but fell 5.44% over the last six months.
On the Bucharest Stock Exchange, on Friday (March 18), Aerostar shares dropped 2.88% to RON2.7%/unit, following the company’s proposition to grant dividends of RON0.084/share.