Relative to trading prices on the stock market on Tuesday (March 29), the dividend yield reaches 3.63%, in line with calculations by Ziarul Financiar (ZF) daily.
The company also proposes the capitalization of the amount of RON1.01 million, of which RON74,512 as legal reserve and RON945,230 as undistributed profit.
The ex-date is set on June 9, 2022 and dividends will be paid out on June 23, 2022.
Arctic Stream also proposes a program for the repurchase of 100,000 shares at most, accounting for 2.38% of the share capital. Upon the repurchase program, some shares will be canceled and some will be used to reward key employees.
Arctic Stream is 66.1% held by its CEO, Dragos Octavian Diaconu, and 5.84% owned by Adrian Rotaru. The company has a stock market capitalization of RON92.2 million after its shares have lost 8.14% since the beginning of 2022, as per stock market data.