According to ZF calculations, which are based on the trading prices of March 17 session, the dividend yield reaches 31.6%. The proposal for the date of payment of dividends is July 13, 2020.
Shareholders are also expected to approve “the distribution of the deferred result representing non-distributed profit for the year 2018 and the surplus realized from revaluation reserves, as well as the prescription of dividends for the financial years 2012, 2014 and 2015 not collected until 17.08.2019,” the company said in a stock market announcement.
In 2019, Mecanica Ceahlau reported a net profit of RON6.3 million, down 25.4% on the year, and a turnover of RON29.5 million, down 5.2% on the year, according to ZF calculations based on data from the company’s preliminary financial report.
Mecanica Ceahlau shares have been trading down 11% since the start of 2020, amid deals worth RON364,850, securing the company a market capitalization of RON34.8 million. The company is 73.3% owned by regional investment fund SIF Moldova (SIF2.RO) and 20.2% held by New Carpathian Fund.