The regional investment fund Tuesday proposed paying out additional dividends of 98.45 million lei (EUR22.34) from its reserves and unpaid older dividend. In April, SIF Muntenia approved a gross dividend of RON0.081 a share from the 2011 profit, similar to the one paid last year. The fund will to pay total dividends of RON65.36 million, namely the entire net profit reported for 2011.
After the SIF’s announcement before the opening bell, the fund’s shares rose significantly, reaching the day’s high at RON0.8, or up 7.8% from Monday’s closing level. Towards the end of the session, the advance tempered, so that SIF Muntenia closed at RON0.774 a share.
SIF Muntenia’s increase helped the BET-FI index end up 0.56%, despite SIF Oltenia’s (SIF5.RO) 1.46% fall. Fondul Proprietatea (FP.RO), another key component of the index, closed at RON0.5545 a share, up 0.27% on the day.
The Bucharest market’s main index BET closed up 0.46% on the day, while the composite index BET-C rose 0.62%.
BET-XT, which tracks the 25 most-traded issuers on the local bourse, was up 0.5%, while energy stocks index BET-NG increased 0.9%.
The bourse’s overall traded value was at RON23.4 million (EUR5.3 million), lower than in the past sessions, when special deals lifted the turnovers. (EUR1=RON4.4032)