Albena to restore dividend by proposing DPS of BGN 0.10 (POSITIVE)

16.05.2022 Source: Albena; FFBH

At the AGM, called by Albena on 18 June, investors will vote on the distribution of BGN 423.3k as dividends, which translates into DPS of BGN 0.10 out of 2021’s profit. The payout ratio stands at 14.5% and the dividend yield amounts to 0.35%, calculated with the last closing price of BGN 28.40. Although the modest payout and dividend yield, we see the restoration of the dividend as an important message to shareholders, given the 2-year halt in dividends in light of the pandemic.