Relative to Friday’s trading prices, the dividend yield reaches 3.9%, per calculations by Ziarul Financiar.
Shareholders are also expected to approve the date of 5 August 2021 as the ex – date, the date of 6 August 2021 as the registration date and the date of 27 August 2021 as the payment date of dividends.
The fund ended 2020 with a loss of RON105 million, compared with a net result of RON3.1 billion in 2019.
On April 28, 2021, Fondul Proprietatea shareholders approved the distribution of special dividends from non-distributed profits from 2016 and 2017. The date for the payment of dividends was set for June 22.
In 2020, Fondul Proprietatea distributed dividends amounting to RON418 million from its 2019 net profit of RON3.13 billion.
Fondul Proprietatea has a stock market capitalization of RON12.5 billion. Its shares have been trading up 21% since the beginning of 2021, amid deals worth RON464 million, per stock market data.