March 30 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] said on Thursday that it is proposing a gross dividend payout of 0.075 levs ($0.042/0.038 euro) per share for 2022.
The company plans to distribute a total of 401,324 levs in dividends for last year, of which 267,856 levs will be allotted from its 2022 net profit, with the remainder coming from undistributed profit from previous years, Bulgarian Rose said in a stock exchange filing.
Bulgarian Rose paid out a gross dividend of 0.05 levs per share for 2021, or a total of 267,549 levs, according to previously disclosed data.
The proposal will be voted upon at a general meeting of shareholders on May 11. If approved, the dividend will be distributed over six months, beginning July 7.
Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs. The company is part of local blue-chip industrial group Stara Planina Hold [BUL:SPH].
Shares in Bulgarian Rose last traded at 1.61 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)