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Bulgaria's Sofia Commerce-Pawn Brokerage plans interim dividend

Author Mario Tanev
Bulgaria's Sofia Commerce-Pawn Brokerage plans interim dividend wrangler/Shutterstock.com

SOFIA (Bulgaria), November 19 (SeeNews) - Bulgarian pawnshop chain operator Sofia Commerce-Pawn Brokerage [BUL:6SOB] said on Tuesday that it is seeking the approval of its shareholders to distribute interim dividend to holders of common and preferred stock.

Sofia Commerce-Pawn Brokerage is planning to distribute a dividend of 0.30 levs ($0.17/0.15 euro) per preferred share and 0.20 levs per common share, the company said in a bourse filing.

If both proposals are endorsed, the pawnshop chain operator will distribute a total of 494,809 levs as dividend for the first half of the year.

The company's shareholders will vote on the proposals at a general meeting scheduled for December 20.

Sofia Commerce-Pawn Brokerage posted a non-consolidated net profit of 688,000 levs in the first half of 2019, down from 704,000 levs in the same period of 2018.

(1 euro = 1.95583 levs)

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