The shareholders approved the allocation of the 2019 profit of RON 1.53bn to retained earnings.

BRD held their GSM in which the shareholders approved the profit distribution for the year 2019.

The shareholders approved the allocation of the 2019 profit of RON 1.53bn to retained earnings, which implies no dividend payment in 2020. Such a decision is in line with most regional banks, who will also not be paying out dividends for 2019.

As a reminder, two proposals made by the Board of directors were presented to the shareholders.  One being a dividend of RON 1.64 per share, the other being the allocation of the 2019 profit to retained earnings.

In the graphs below, we are bringing you an overview of BRD’s historic dividend payout and dividend yield.

Dividend per Share (RON) and Dividend Yield (%) (2016 – 2019)*

*compared to the share price a day before the dividend proposal