The date of January 28, 2022 was proposed as the Registration Date and February 18, 2022 was proposed as the payment date.
“The approval of a gross special dividend of RON0.06 per share, in accordance with the supporting documentation”, according to shareholders’ decision.
Per calculations by Ziarul Financiar daily, relative to the current trading price, the dividend yield nears 3.3%.
Shareholders also approved a share buyback program of maximum RON2 billion. the Fund seeks to repurchase 800 million shares at a price that cannot be lower than RON0.2 per share or higher than RON2.5 per share for reducing the share capital.
Fondul Proprietatea has a stock market capitalization of RON12.7 billion and its shares have been trading up 26.5% since the beginning of 2021, amid deals worth RON880.5 million, per stock market data.