Bulgaria's Mak plans 3.57 euro per share dividend for 2023

Mak plans to return to its investors 2.83 million levs in total out of its net profit of 6.31 million levs reported for last year, the company said in a bourse filing on Wednesday. The remaining 3.48 million levs would be retained as undistributed profit.

The proposal will be put to the vote at a general meeting of shareholders scheduled for June 20.

Last year, Mak skipped dividend distribution for 2022 after paying out a gross dividend of some 2.47 levs per share for 2021.

Shares in Mak last traded on April 23 when they closed at 100 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)