DIGI Communications to disburse dividends at 2.1% yield
<p>Romanian telecom group DIGI Communications (BVB: DIGI), with a market capitalization of RON 5.76bn (EUR 1.16bn), announced that the company’s management proposes to distribute RON120mn (EUR 24mn) as dividends for the fiscal year 2023, the equivalent of a gross yield of nearly 2.1%.</p>

<p>The company’s price soared by 58% y/y compared to the 41% y/y advance of the blue chips index BET.</p>

<p>The proposal will be voted by shareholders at their upcoming General Meeting, which shall take place in June 2024.</p>

<p>The management proposal is a dividend of RON1.25 per share, a 25% increase from the dividend paid for the fiscal year 2022.</p>

<p><em>(Photo: the company)</em></p>

<p><em>iulian@romania-insider.com</em></p>