Fondul Proprietatea proposed a gross dividend of 0.4165 lei (EUR0.095) a share from Azomures’ profit for 2011. If approved, the fertilizer maker will pay out total dividends of RON219.1 million (EUR50 million), amounting to 60% of last year’s profit.
The proposal is subject to shareholder approval at a meeting due April 29.
Azomures is 75.8%-owned by Swiss grain trader Ameropa Holding AG.
On the Bucharest bourse Wednesday, Azomures closed up 0.52% at RON1.92 a share. (EUR1=RON4.3746)