Bulgarian Rose plans 0.03 euro/share dividend for 2023

The company plans to distribute a total of 267,549 levs in dividend for last year, including its net profit of 223,317 levs reported for 2023 and undistributed profit from previous years, Bulgarian Rose said in a bourse filing.

The proposal will be put to the vote at a general meeting of shareholders on May 16. If approved, the dividend will be disbursed over six months, starting July 8.

Bulgarian Rose paid out a gross dividend of 0.075 levs per share for 2022, or a total of 401,324 levs, according to previously disclosed information.

Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs. The company is part of local diversified group Stara Planina Hold [BUL:SPH].

As of 1505 CET on Tuesday, shares in Bulgarian Rose traded flat at 2.00 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)