Shareholders of the Black Sea resort of Sunny Beach decided to distribute BGN 13,498 M as a dividend payment equal to some 50% of the current market value of its shares. Shareholders decided to pay BGN 6,98 dividend per each share with a face value of one lev at an extraordinary meeting held just before Christmas. Sunny Beach shares closed at BGN 14,55 in the last trading session for this year on the Bulgarian Stock Exchange. The dividend payment is equal to 80 of the company’s 2000 net profit and retained profit from previous years. The state controls 75% equity in Sunny Beach, two former privatization funds own jointly around 18% and the remainder is held by small private investors.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!