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Bulgaria's Elana Agrocredit shareholders endorse higher dividend for 2020

Author Mario Tanev
Bulgaria's Elana Agrocredit shareholders endorse higher dividend for 2020 Photo: Elana Agrocredit / All rights reserved.

SOFIA (Bulgaria), May 20 (SeeNews) - Bulgarian financial leasing company Elana Agrocredit [BUL:EAC] said on Thursday that its shareholders have approved the management's proposal for the distribution of a gross dividend of 0.0708 levs ($0.0442/0.0362 euro) per share for 2020.

Elana Agrocredit will distribute a total of 2.58 million levs as dividend for last year, it said in a stock exchange filing.

Shares in Elana Agrocredit last traded at a price of 1.13 levs apiece on the Bulgarian Stock Exchange.

The company's net profit increased to 2.87 million levs in 2020 from 2.77 million levs in 2019.

Elana Agrocredit distributed a total of 2.49 million levs, or 0.06467 levs per share, for 2019.

Last year, Elana Agrocredit repurchased 199,386 own shares, or 0.5443% of its capital, under its debut share buyback programme.

(1 euro = 1.95583 levs)

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