BRD Seeks to Pay Gross Dividends of RON1.64/Share

BRD SocGen (BRD.RO), the third largest lender in Romania by assets, has summoned shareholders for April 23 to approve the distribution of gross dividends of RON1.64 per share from the 2019 profit.

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The proposed dividend value is similar to that paid in the past two years.

Based on Thursday's share prices, the proposed dividend has a yield of 13.2%.

BRD reported a net profit of RON1.52 billion in 2019, down 1.1% from RON1.54 billion in 2018. Its assets grew 3.2%, to RON55.8 billion at the end of 2019.

The bank is 60.16% owned by France's Societe Generale.

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