March 23 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:HES] said that it is proposing a gross dividend payout of 0.31 levs ($0.17/0.16 euro) per share for 2021.
HES paid a gross dividend of 0.26 levs per share for 2020.
Under the proposal, the company will pay 5.64 million levs as dividend for last year, it said in a stock exchange filing on Tuesday.
Shareholders in the company will vote on the proposal at a meeting scheduled for May 12.
HES' non-consolidated net profit increased to 7.5 million levs in 2021 from 5.7 million levs in 2020.
As at 10:30 CET on Wednesday, shares in HES traded 1.56% higher at 6.50 levs on the Bulgarian Stock Exchange.
Yambol-based HES is a unit of local industrial group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)