Based on Monday’s closing price of a share on the stock market, the dividend yield reaches 4.9%, according to ZF calculations.
The profit allocation rate to shareholders is 42%. Dividends will be paid starting July 1, 2020.
The amount of RON71.9 million of the net profit will go other reserves in order to set up the necessary funds for investments, especially to carry out a future buyback program of 22.1 million own shares in order to reduce the company’s share capital.
SIF5 also approved the budget of revenue and expenses for 2020, which envisages total revenue of RON55.8 million, total expenses of RON26.9 million and a net profit of RON27.5 million.
The company has a market share of RON1.12 billion and its shares have been falling 19.9% since the start of 2020, amid deals worth RON54.9 million.