The gross dividend is RON0.53 per share, triggering a 13% yield depending on the price of one SNO share on October 20, respectively RON3.98 per share.
At the meeting due on Nov 24, shareholders are also expected to approve the date of December 13, 2022 as the registration date for identifying the shareholders affected by the decision of the ordinary general meeting of shareholders, the date of December 12, 2022 as ex date and December 22, 2022 as the dividend payment date.
Santierul Naval Orsova ended the first half of 2022 with a net loss of RON2.5 million, higher than the RON335,300 loss in the same period in 2021, and a turnover of RON24 million, down 39.3% on the year. Its total expenses stood at RON27 million in the first half of 2022, down 32.9% on the year, as per data from the company’s half-year report sent to the Bucharest Stock Exchange.
Santierul Naval Orsova has a market value of RON52 million and its shareholding structure includes Transilvania Investments Alliance (with a 50% stake), SIF Oltenia (28%) and SIF Muntenia (13.2%). SNO shares have lost 20% since the beginning of 2022, amid deals worth RON540,400, in line with stock market data.