HES approved 2021 DPS of BGN 0.31 (NEUTRAL)
Source: Hydraulic Elements and Systems; FFBH
Hydraulic Elements and Systems’ (HES) shareholders approved a gross DPS of BGN 0.31 (+19.2% YoY). The sum equates to 4.7% dividend yield at the last price of BGN 6.65 per share. The company will distribute BGN 5.6m or 73.7% of the 2021 profit. Distribution shall start on July 7, 2022 and ex-dividend date is May 26, 2022.