Telematic’s shareholders to vote on DPS of BGN 2.35; 2 for 1 stock dividend (POSITIVE)
Source: Telematic Interactive Bulgaria; FFBH
Telematic Interactive Bulgaria called an AGM on June 23. The invitation is yet to be entered into the Commercial Register. The shareholders will vote on the distribution of BGN 10.2m as dividends (DPS of 2.35), which translates into payout ratio of 49.9% and dividend yield of 5.1%. The agenda also includes the distribution of BGN 8 640 012 as a stock dividend, which means that for every existing share two will be received.