At the share price before the announcement, this would represent a DY of 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 published the GSM call, in which the dividend proposal was also included. According to the proposal, RON 37.9m would be distributed this time from the 2023 net profit. This represents a 2^nd 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%.

Combined with the 1^st dividend, this would mean that RON 75.9m would be paid out from the 2023 net profit, with a combined DY of 2.2%. On a consolidated basis, this represents the payout ratio of app. 16.9% for both dividends.

For this 2^nd 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 dividends per share and dividend yields 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