Relative to current trading prices, the dividend yield reaches 3.4%, per calculations by Ziarul Financiar (ZF).
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 in order to reduce the share capital.
Shareholders are also expected to approve special dividends worth nearly RON433 million. The date of January 28, 2022 was proposed as the Registration Date and the date of February 18, 2022 as the Payment Date.
“The approval of a gross special dividend of RON0.06 per share, in accordance with the supporting documentation. The shareholders approve that the payment of the dividends to start on the Payment Date of this OGM (as defined at point 4 of this OGM) to the persons registered as shareholders of Fondul Proprietatea on the Registration Date (as defined at point 4 of this OGM). Unpaid shares and treasury shares do not constitute dividend entitlement”, the fund said in a stock market report.
FP has a stock market capitalization of RON12.5 billion and its shares have been trading up 21% since the beginning of 2021.