Brokerage Services

Sofia Commerce raises common DPS by 16.7%, decreases shares outstanding (POSITIVE)

Sofia Commerce Pawn Brokerage proposed a BGN 0.35 DPS on its common shares and BGN 0.6 on its preferred issue. The DPS on the first increased 16.7% YoY and resulted in 8.9% dividend yield and 75.2% payout ratio. Furthermore, shareholders would vote on a share repurchase program for up to 3% of the outstanding shares (72k) at a BGN 3.00 – 6.00 price range. Sofia Commerce would also retire 227.7k of treasury stock, decreasing its common stock issue by 8.75%.

Source: Sofia Commerce Pawn Brokerage; FFBH

See all news

Send a request

All fields marked with (*) are required

We use cookies.