The proposal of the Executive Board, which was rejected by shareholders, targeted the distribution of a gross dividend of RON1.64 per share, which, based on April 21 closing prices on the stock market, would have ensured investors a 14.3% yield, according to calculations by Ziarul Financiar.
BRD SocGen has a market capitalization of RON8 billion. Its shares have been trading down 27.4% since the start of 2020, amid deals worth RON377.6 million.