At the share price before the announcement, this would represent a DY of 1.1%. The ex-date is set for 27 June 2024, while the payment date is set for 15 July 2024.
Last week, One United Properties held its OGSM and EGSM, during which many resolutions were adopted. The one we’re interested in here is the distribution of profit in the form of dividends. According to the resolutions, RON 37.9m would be distributed from the 2023 net profit in this form. This represents a 2nd dividend that would be paid out from the 2023 net profit, with the last one approved all the way back in October 2023, in the same amount. On a per-share basis, this would imply a dividend of 0.01 DPS, and at the share price before the announcement, the DY amounts to 1%.
Together, this would mean that RON 75.9m would be paid out from the 2023 net profit, implying a combined DY of 2.2% at the share price before the announcement. Furthermore, on a consolidated basis, this represents a payout ratio of app. 16.9% for both dividends. For this 2nd dividend tranche, the ex-date is set for 27 June 2024, while the payment date is set for 15 July 2024. Below we provide you with the historical dividend per share and dividend yield of the Company.
One United Properties dividend per share (RON) and dividend yield (%) (2021 – 2024*)
Source: One United Properties, InterCapital Research
*Due to more than 1 dividend payment, dividends are recorded in the year they are paid out
