May 11 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] said on Thursday that its shareholders approved a proposal for the distribution of a gross dividend of 0.075 levs ($0.042/0.038 euro) per share for 2022.
Equity owners will receive a total of 401,324 levs, of which 267,856 levs will be allotted from the company's net profit reported for last year, with the remainder coming from its undistributed profit, Bulgarian Rose said in a stock exchange filing.
The dividend will be distributed over six months, starting July 7.
The company paid out a gross dividend of 0.05 levs per share for 2021, or a total of 267,549 levs, according to previously disclosed data.
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 blue-chip industrial group Stara Planina Hold [BUL:SPH].
Shares in Bulgarian Rose last traded at 1.70 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)