Bulgaria's Bravo Property Fund to pay lower dividend

The REIT will distribute some 1.6 million levs of its 2022 net profit as dividend for last year, while the remainder will be allocated to undistributed profit, it said in a bourse filing.

In 2021, the company distributed a total of 1.84 million levs to its shareholders, split into two half-year dividend payouts of 0.0225 levs and 0.0275 levs per share, respectively, according to previously disclosed data.

Shares in Bravo Property Fund last traded at 1.02 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)