Fondul Proprietatea Approves RON 1.7225 DPS

On Friday, Fondul Proprietatea held its GSM, during which RON 1.7225 DPS was approved, instead of the initially proposed RON 1.4942. At FP’s closing price a day before, this would amount to a DY of 90%. The ex-date is set for 7 September 2023.

According to the press release by Fondul Proprietatea, during its GSM held on Friday, a special dividend of RON 1.7225 was approved, stemming from the cash received from the IPO of Hidroelectrica on the exchange. In total, this would mean that RON 9.28bn will be paid out in the form of dividends. Initially, Fondul Proprietatea proposed RON 1.4942 DPS, which would imply a DY of 79.8%. During the meeting, the aforementioned RON 1.7225 DPS was approved instead, which at the closing price on the day before, would amount to a DY of 90%.

The ex-date for the dividend payment is set for 7 September 2023, while the payment date is set for 29 September 2023. Below we provide you with Fondul’s historical dividends and dividends per share.

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

Source: Fondul Proprietatea, InterCapital Research

Category : Flash News

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