At the share price before the announcement, this would represent a DY of 1.86%. The ex-date is set for 20 May 2024, while the payment date is set for 29 May 2024.
Last week, One United Properties published notice of OGSM & EGSM, in which the dividend proposal was also included. According to the proposal, RON 39.5m would be distributed this time from the 2024 net profit. This represents a 2nd dividend that would be paid out from the 2024 net profit, with the last one approved all the way back in October 2024, in the amount of RON 38.2m. On a per-share basis, this would imply a dividend of 0.36 DPS, and at the share price before the announcement, the DY amounts to 1.86%.
For this 2nd dividend tranche, the ex-date is set for 20 May 2025, while the payment date is set for 29 May 2024.
The dividend per share (DPS) appears higher in absolute terms compared to previous years due to a bonus share issue in 2023, which effectively doubled the number of outstanding shares and reset the base for DPS calculation. However, the dividend yield (DY) remained stable because both the share price and total dividend payout adjusted proportionally, leaving the actual return for shareholders largely unchanged.
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 – 2025)*
Source: One United Properties, InterCapital Research
*Due to more than 1 dividend payment, dividends are recorded in the year they are paid out