The payment of dividends at a yield of 2.3% will be made from the company’s 2015 profit of RON1.9 million.
The gross dividend yield is calculated as the ratio between dividend per share and share value.
Comcereal Tulcea has a market capitalization of RON32.4 million and its shares last traded on July 13, 2016, at RON9.9 per unit. The company is listed on the alternative trading system AeRO of the Bucharest Stock Exchange.
Comcereal Tulcea is 93.3% owned by vegetable oil producer Argus Constanta (UARG.RO), which is held by regional investment fund SIF Oltenia. Comcereal Tulcea doubled its turnover to RON18.8 million on the year in the first half of 2016. The company switched from a profit of RON666,000 in the first half of 2015 to a loss of RON2.7 million in January-June 2016.