According to a report to the Bucharest Stock Exchange, 2022’s net profit should be divided as follows: some RON720,000 for legal reserve, RON1.35 million for other reserves for fiscal incentives set by the law, RON1.06 million for employees’ profit participation and RON9.5 million for dividends for investors.
Dividends account for about 90% of last year’s net profit, according to a memorandum recently approved by the Ciuca government. The gross dividend is RON0.00318066 per share, which means the yield is 2.5%, based on the trading price of RON0.129.
The proposed dividend payment date is June 7, while the ex-date was set for May 18 and the record date for May 19.
(English version by Loredana Fratila-Cristescu)