The bank is proposing a gross dividend of RON0.9226 to shareholders, which at current trading prices of RON16.88 means a 5.5% yield, in line with ZF calculations.
„ Approval of the distribution as dividends of the amount of LEI 642,961,341, representing 50% from the retained profit of 2022 (the gross dividend proposed is of 0.9226 lei /share), as an extraordinary payment. The dividends will be paid on January 26, 2024 and the deferred payment date will be November 29th, 2024. Approval of the date of January 5, 2024 as ex date. 4. Approval of the date of January 8, 2024 as registration date, in order to identify the shareholders who are affected by the decisions of the ordinary general meeting of shareholders,” reads the company’s report.
BRD has a bourse cap of RON11.8 billion. In the past week, its shares have climbed by almost 6%.
BRD reported consolidated net banking income of RON2.83 billion in the first nine months, from RON2.54 billion in the same period of 2022, while net profit climbed to RON1.23 billion, from RON1 billion.
(English version by Catalina Apostoiu)