The company on Wednesday announced a proposed gross dividend of RON25.74 per share, which represents a profit distribution rate of 50%.
According to the proposition to amend the proposed dividend, published on Thursday, the profit distribution rate stipulated in the company’s 2016 budget of revenue and expenses approved through the Ordinary General Shareholders’ Meeting, reaches 50%.The decision to approve the value of the gross dividend is on the agenda of Shareholders’ General Assembly of April 27.
Of the 2016 net profit of RON594.5 million, RON545.4 million will be distributed as dividends to shareholders and RON49 million will be used to set up own financing sources.
The company will start paying out dividends on July 18, 2017.