June 5 (SeeNews) - Bulgarian organic products maker and distributor Smart Organic [BUL:SO] said on Monday that it is proposing to distribute a gross dividend of 0.20 levs ($0.11/0.10 euro) per share for 2022.
The company plans to pay out as dividend a total of 2.06 million levs out of its net profit of 8.37 million levs reported for last year, Smart Organic said in a bourse filing. The balance of 6.31 million levs will be retained as undistributed profit.
The proposal will be voted upon at a general meeting of shareholders on July 13.
Smart Organic distributed a gross dividend of 0.08 levs per share for 2021, or 824,800 levs in total, according to previously disclosed data.
Shares in Smart Organic last traded on Friday when they closed at 12.50 levs on the BEAM growth market of the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)