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

On Friday, BRD published its OGSM notice, with the meeting being held on 14 December 2023. Inside the notice, they also proposed the distribution of 2022 profit, in the amount of RON 642.9m. This represents 50% of 2022 net profit, and on a per-share basis, would imply a gross dividend of RON 0.9226. At the share price before the announcement, this would amount to a DY of 5.5%.

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

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

Source: BRD, InterCapital Research