BRD SocGen plans to distribute half of 2022 FY profit as dividends
BRD SocGen (BVB: BRD), the third largest lender in Romania after Banca Transilvania and BCR, summoned the shareholders on December 14 to approve the distribution of RON 643 million, namely 50% of the 2022 profit, in the form of special…
iulian ernst · Journalist
· Updated · 1 min read
BRD SocGen (BVB: BRD), the third largest lender in Romania after Banca Transilvania and BCR, summoned the shareholders on December 14 to approve the distribution of RON 643 million, namely 50% of the 2022 profit, in the form of special dividends.
The proposed dividend would result in a yield of 5.35%, based on the price of the bank’s shares on November 3 after the announcement, Ziarul Financiar reported.
On the day the bank announced plans to distribute special dividends, its shares rose by 2.13%.
(Photo source: Dreamstime.com)
Free newsletters
Romania, in your inbox before your first coffee.
Get the Daily — the morning briefing, free, in English, unsubscribe anytime. Want business, real estate or travel digests too? Pick your newsletters →
