January 23 (SeeNews) - Sphera Franchise Group [BSE:SFG], the franchisee of the KFC, Pizza Hut and Taco Bell brands in Romania, said on Thursday that its board is proposing the distribution of an additional dividend of 0.3525 lei ($0.08/0.07 euro) per share for 2018.
Last year, Sphera Franchise Group distributed 0.3524 lei per share in dividend for 2018.
The additional dividend represents half of the company's distributable profit for 2018, Sphera Franchise Group said in a bourse filing.
The proposed dividend distribution needs to be approved by the company's shareholders to take effect.
Shares of Sphera Franchise Group started trading on the Bucharest Stock Exchange (BVB) in November 2017, following a 285 million lei IPO. The company became the first food service operator listed on the BVB.
As at 10:00 CET on Thursday, Sphera Franchise Group shares traded unchanged at 19.5 lei on the Bucharest Stock Exchange.
(1 euro = 4.78 lei)