May 11 (SeeNews) - Bulgarian real estate investment trust (REIT) Sopharma Properties [BUL:SFI] said on Wednesday that it plans to distribute a gross dividend of 0.166 levs per share for 2021.
The shareholders will vote on the proposal to distribute as dividend a total of slightly over 3.6 million levs ($1.9 million/1.8 million euro) out of its 2021 standalone net profit of 9.07 million levs at a general meeting to be held on June 16, the property investment trust said in a stock exchange filing.
The remaining amount of 5.43 million levs will be retained as undistributed profit.
Sopharma Properties REIT distributed a gross dividend of 0.164 levs per share for 2020 after generating profit of 7.04 million levs.
Sopharma Properties REIT is a subsidiary of local drug manufacturer Sopharma [BUL:SFA].
As at 1206 CEST, shares in Sopharma Properties REIT were trading flat at 8.10 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)