The proposed gross dividend is RON0.038 per share, which would secure investors a 6.5% yield, according to ZF calculations based on the current share price of April 9. The proposal for the payment date of dividends is July 20, 2020.
The first option for the distribution of the 2019 net profit stipulates including RON28.8 million at own development sources, and the remaining RON3.9 million to be used for the buyback program of its own shares by the company.
In early April 2020, Compa Sibiu decided to temporarily scale down its activity during the period April 1-30 and unilaterally suspend individual labor contracts for most employees during the same period, amid the coronavirus pandemic. Therefore, the company expects a nearly 80% decline in its turnover for April 2020 compared with the average turnover of January and February 2020.
Compa is 19% held by Ioan Deac, Chairman of the Executive Board and general manager and 18.75% owned by Ioan Miclea.
Its shares have been trading down 32.6% since the start of 2020, amid deals worth RON5.2 million, securing the company a market capitalization of RON127.3 million.