Elana Agrocredit approved BGN 0.067 annual dividend for 2021 (NEUTRAL)
Source: Elana Agrocredit; FFBH
At the GSM held on May 19, the shareholders of Elana Agrocredit approved a gross DPS of BGN 0.067 for 2021. The company will distribute BGN 2.5m of the 2021 profit to investors, corresponding to 90% payout ratio and annual gross dividend yield of 6.2% to the last close price of BGN 1.08 per share. Ex-dividend date is June 1, 2022 and payments will be made between July 6, 2022 and October 3, 2022.