At the share price before the announcement, this would imply a DY of 11.8%. The ex-date is set for 16 May 2024, while the payment date is set for 7 June 2024.

Fondul Proprietatea published the OGSM call recently, which will be held on 30 April 2024. In the call, the proposal for the distribution of profit was made in the form of dividends. Accordingly, a gross dividend of RON 0.06 DPS was proposed, to be paid out from retained earnings. At the share price before the announcement, this would imply a DY of 11.8%.

Of course, the dividend proposal is subject to approval at the aforementioned OGSM, to be held on 30 April 2024. The ex-date for the dividend is set for 16 May 2024, while the payment date is set for 7 June 2024. Below, we provide you with the historical dividends per share and dividend yields of the Fund.

Fondul Proprietatea dividends per share (RON, left), dividend yields (%, right) (2018 – 2024)

Source: Fondul Proprietatea, InterCapital Research