March 18 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Monday that it is proposing to distribute a gross dividend of 0.30 levs ($0.17/0.15 euro) per share for 2018.
M+S Hydraulic paid a gross 0.295 levs per share for 2017.
Under the proposal, M+S Hydraulic will distribute a total of 11.8 million levs as dividend for 2018, the company said in a bourse filing.
M+S Hydraulic shareholders will vote on the proposal at a meeting scheduled for May 15.
The company booked a non-consolidated net profit of 14.6 million levs in 2018, slightly up from 14.5 million levs in 2017.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)