The company will distribute BGN 0.1 per share gross – or over BGN 1.3 million
Photo: Corrado-Bulgaria AD
The shareholders of “Corado-Bulgaria” have approved the distribution of a six-month dividend from the profit for the first half of 2022, the company reported through BSE-Sofia.
The total amount of the dividend is over BGN 1.3 million, or BGN 0.1 per gross share.
The payment starts from October 12 this year.
The right to receive a dividend belongs to the persons entered in the registers of “Central Depository” AD as such on the 14th day after the day of the general meeting, at which the decision on the payment of the annual dividend was made.
The dividend will be paid through the system of “Central Depository” AD and the branches of DSK Bank AD.
Corrado-Bulgaria has been distributing a six-monthly dividend since 2018. Only in 2018, the dividend for the first half of the year was BGN 0.19. In the period 2019-2021, it is always BGN 0.1.
At the end of June, the manufacturer of radiators from Strazhitsa reported revenues of over BGN 32.1 million compared to just over BGN 26 million a year earlier, or 23.5% more on an annual basis.
The company’s profit for the reporting period increased to over BGN 2.8 million from BGN 1.5 million a year earlier, or by almost 87%.
In the last year, the company’s shares have become cheaper by almost 19%, and the market capitalization is slightly over BGN 92.8 million.