At the share price before the announcement, this would amount to a DY of 2.40%. The ex-date is set for 11 May 2023, while the payment date is set for 6 June 2023.

Following the EGSM and OGSM meetings on Friday, 21 April 2023, Fondul Proprietatea published the resolutions from said meetings. Among those resolutions also came the approval of the 2022 allocation of profit. Accordingly, RON 283.4m would be allocated to dividend payments, RON 908.9m would be allocated to other reserves, and RON 1.58bn will remain unallocated.

This would imply a payout ratio of 10.2%, and on a per-share basis, the dividend payment would amount to RON 0.05. The ex-date is set for 11 May 2023, while the payment date is set for 6 June 2023. Below we provide you with a historical overview of Fondul’s dividends per share and dividend yields.

Fondul Proprietatea dividends per share (RON) and dividend yields (%) (2018 – 2023)

Source: Fondul Proprietatea, InterCapital Research