Bulgaria’s CBA Asset Management, a well-known financial institution, has announced that it will pay a dividend of 0.063 euros per share to its shareholders. The company’s decision to distribute a gross dividend payout of approximately 0.124 levs ($0.069/0.063 euros) per share for the previous year was approved by its shareholders.
CBA Asset Management has stated that it will distribute 250,000 levs from its undistributed profit from 2021 to equity owners. This dividend will be paid out over the course of one year, starting from August 15. At the same time, the company has decided to retain its net profit of 312,000 levs from 2022 as undistributed profit.
According to previously disclosed data, CBA Asset Management paid out a gross dividend of approximately 0.26 levs per share for the year 2021, totaling 525,000 levs.
The company’s shares have been trading at 1.00 lev on the BaSE market of the Bulgarian Stock Exchange.
This announcement showcases CBA Asset Management’s commitment to its shareholders by distributing dividends and giving them the opportunity to benefit from their investments. By sharing its profits, the company aims to strengthen its relationship with its equity owners and further solidify its position in the market.
Investors who hold shares in CBA Asset Management can look forward to receiving their dividends, which will provide them with a positive return on their investment. The decision to retain the net profit from 2022 also reflects the company’s confidence in its future growth prospects.
CBA Asset Management is widely recognized for its expertise and success in asset management services. The company’s commitment to delivering value to its shareholders is evident in its decision to distribute dividends and retain profits.
As a leading financial institution, CBA Asset Management is dedicated to providing its clients with top-notch services and ensuring their investments yield favorable returns. The announcement of the dividend payout reflects the company’s commitment to its shareholders and its determination to deliver positive results.
With its strong presence in the market and a track record of success, CBA Asset Management continues to be a trusted partner for investors seeking reliable and profitable investment opportunities.
