This includes the approval of the distribution of an annual gross dividend of RON0.05 per share corresponding to the 2022 net accounting profit. Relative to the current trading prices of shares, the yield nears 2.4%.
Shareholders are also expected to approve the date of May 11, 2023 as the Ex – Date, the date of May 12, 2023 as the Registration Date and the date of June 5, 2023 as the Payment Date.
Fondul Proprietatea reported an audited net profit of RON2.8 billion for the financial year ended on December 31, 2022, lower by 44.8% versus 2021.
In 2022, the total yield of FP’s NAV (net asset value) indicator was 19.1%, the total share yield was 12.2%, while the total yield of GDRs (global depositary receipts) was 3.9% following the appreciation of the U.S. dollar.
At end-2022, liquid assets grew by RON493.7 million. The most significant cash inflows were generated by the sale of shares held in OMV Petrom (RON1.78 billion) and from the net dividends received (RON928.2 million), being partly offset by the dividends paid, net of the withholding tax (RON1.07 billion) and of the amounts paid for the purchase of own shares (RON1.15 billion).
FP shares have gained 6% in the last 12 months, amid deals worth RON2.2 billion. the Group has a market capitalization of RON13 billion, as per stock market data.