BSE proposes BGN 0.42 gross DPS for H2 2021; plans 1-for-1 stock dividend (POSITIVE)

19.05.2022 Source: BSE; FFBH

At the GSM scheduled for June 30, the shareholders of Bulgarian Stock Exchange would vote to distribute BGN 2.8m as dividends for H2’21. The sum is equivalent to gross DPS of BGN 0.42 and would result in annual gross dividend yield of 9.1% and 65.5% payout ratio when including interim payments of BGN 0.55. The agenda also include a proposal to issue 6 582 860 new shares. The capital increase will be carried out with additional reserves and part of 2021 earnings (BGN 2.5m) and would increase the share capital of the company to BGN 13 165 720 from BGN 6 582 860. Existing shareholders would receive one new share for every existing one.