Shareholders of Ronson Development approve dividend payout of PLN 0.06 per share
Ronson Development’s General Meeting decided to make a dividend payout of PLN 0.06 per share, or a total of around PLN 9.8 million, from the Company’s 2018 net profit.
The dividend adopted by the General Meeting is in line with the Company’s dividend policy announced in July 2018 as well as with the recommendation given by the Management Board that was subsequently endorsed by the Supervisory Board of Ronson Development. The dividend record date is 18 June 2019 and the dividend payout date is 25 June 2019.
Considering the Company’s current share price (PLN 0.91 at the end of the trading session on 11 June 2019), the expected dividend yield is 6.6%. The dividend of PLN 0.06 per share, or a total of around PLN 9.8 million, corresponds to 73% of 2018 net profit attributable to Ronson’s shareholders, which amounted to PLN 13.5 million.