At the share price before the announcement, this would imply a DY of 1.17%. The ex-date is set for 11 May 2023.

One United Properties published the notice of the OGSM and EGSM on the Bucharest Stock Exchange, with information relating to the distribution of profit. According to the press release, One United Properties has allocated RON 73.1m for the gross dividend payment corresponding to the financial year 2022. Of this, RON 36.1m has been distributed in advance as a result of a resolution of the Company’s OGSM on 28 September 2022.

The remaining amount, RON 37m, is the newest proposal for the dividend payment, which on a per share basis would imply RON 0.01 DPS. At the share price before the announcement, this would amount to a DY of 1.17%. The ex-date is set for 11 May 2023, while the payment date is set for 30 May 2023. Of course, the dividend proposal is subject to approval by the OGSM meeting, which will be held on 25 April 2023.

We note the DY is stable compared to a 2022 DY, paid out from a net profit achieved in 2021, the year when One United Properties sucesfully finished its IPO proces and listed on BVB.

Dividend Yield (2022 -2023) [%]

Source: BVB, InterCapital Research