The dividend yield corresponding to the first three months of 2023, relative to the current trading price of shares, nears 36%, as per calculations by Ziarul Financiar (ZF) daily.
The company’s shareholders also approved a proposition to distribute the amount of RON111 million as interim dividends, from the profit recorded on March 31, 2023, namely a gross dividend of RON22.54 per share. They also approved a proposition to distribute the amount of RON36 million as interim dividends from the profit retained in Q1/2023, namely, a gross dividend of RON7.31 per share.
July 7 was set as the registration date of shareholders, July 6 as the ex-date, and July 21 as the dividend payment date.
Carbochim had a net profit of RON116.8 million on March 31, 2023, from just RON1.04 million at end-Q1/2022. Its operating result climbed to RON146.5 million in Jan-March 2023, from RON1.2 million in the year-earlier period, and its revenue dropped 5% to RON8.6 million. The company’s “other revenues” stood at RON147.6 million in the first quarter of 2023, from just RON330,000 in the same period of 2022.
Carbochim, valued by investors at RON389.1 million, is 77.7%-owned by Carbo Europe SRL, and CBC shares have been trading up 142.7% since the beginning of 2023, amid deals worth RON304,000, as per stock market data.