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BRD to pay highest dividends in bank's history

BRD Groupe Societe General, the third-biggest lender in Romania, proposes a gross dividend per share of 1.64 RON from last year's net profit, the highest in the bank's history.

2018-03-12 13:21:45

The gross dividend represents 11.6 per cent of the current share price, which is 14.14 RON, according to Romania-Insider.

BRD posted a net profit of 302 million Euro in 2017, almost double compared to the previous year. The total dividends will amount to 1.14 billion RON, resulting in a payout ratio of 82.6 per cent. The dividends will be paid on May 31, 2018.

BRD's main shareholder is French group Societe Generale, which owns a 60 per cent stake.



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