May 27 (SeeNews) - Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] said on Monday that it is proposing to its shareholders to distribute a gross dividend of 0.0996 levs ($0.057/0.051 euro) per share for 2018.
The real estate investment trust distributed a gross dividend of 0.0341 levs per share for 2017.
Under the proposal, the company will distribute a total of 3.45 million levs as dividend for last year, BREF said in a bourse filing.
BREF shareholders will vote on the proposal at a general meeting scheduled for July 3.
As at 13:15 CET on Monday, BREF shares traded flat at 1.91 levs on the Bulgarian Stock Exchange.
The company's net profit rose to 6.4 million levs in 2018 from 5.4 million levs the year before.
(1 euro = 1.95583 levs)