At the share price before the announcement, this would imply a DY of 5.5%. The ex-date is set for 5 January 2024.

BRD held its GSM meeting, at which the distribution of 2022 profit was approved. According to the press release, BRD approved payment of RON 642.9m, representing 50% of 2022 retained earnings. On a per share basis, the gross dividend would amount to RON 0.9226. At the share price before the initial announcement, this would imply a dividend yield of 5.5%.

The ex-date is set for 5 January 2024, while the payment date is set for 26 January 2024. Below you can see the historical dividends per share and dividend yields of BRD Bank.

BRD dividends per share (RON) and dividend yields (%) (2016 – 2023)

Source: BRD, InterCapital Research