August 13 (SeeNews) - Bulgarian Real Estate Fund REIT (BREF) [BUL:5BU] said on Thursday that it is proposing to its shareholders to distribute a gross dividend of 0.1241 levs ($0.075/0.063 euro) per share for 2019.
The real estate investment trust distributed a gross dividend of 0.0996 levs per share for 2018.
Under the proposal, the company will distribute a total of 4.3 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 September 28.
BREF shares closed unchanged at 1.78 levs on the Bulgarian Stock Exchange on Thursday.
The company's net profit fell to 5 million levs in 2019 from 6.4 million levs in 2018.
(1 euro = 1.95583 levs)