Romanian dairy producer distributes EUR 2.7 mln dividends
Dairy producer Albalact has proposed EUR 2.7 million in dividends to its shareholders, at a gross dividend of RON 0.0185 per share.
Compared to the last market price of RON 0.263 per unit, the dividend yield is 7%, reports local Ziarul Financiar.
It is more than twice higher than the interest rate on bank deposits for one year.
In 2014, Albalact didn’t distribute any dividends and kept all the profit from 2013. A year earlier, the company distributed as dividends 93% of its 2012 profit.
editor@romania-insider.com
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