Monbat‘s shareholders to vote on DPS of BGN 0.1795 (POSITIVE)
Source: Monbat; Commercial Registry; FFBH
Monbat called a GSM on 4 June. Among the items to be voted is dividend distribution of BGN 7m, which translates into DPS of BGN 0.1795. Payout ratio would amount to 130.7% of 2020 unconsolidated net profit and the dividend yield would be 3.1%, calculated using the last closing price of BGN 5.80 per share. If the proposal is accepted, that would mean resumption of Monbat‘s dividend policy after no dividends in 2020. The GSM invitation is pending approval in the Commercial Registry.