Fondul Proprietatea (Property Fund-FP) shareholders are due toapprove on April 29 the distribution of 2010 profit in the form ofdividends during the general meeting of shareholders.
Each share is likely to be awarded a gross dividend of 0.033 RON,namely 5.3% of Friday's share price of 0.62 RON, shouldshareholders decide profit should be distributed entirely.
FP ended 2010 with income worth 456.3m RON (108m euros), 130% abovethe revised budget stipulations, according to the latest reportissued by manager Franklin Templeton.
As the income was largely generated from the interests collectedfor deposit liquidities and from the dividends received from thecompanies part of the portfolio, Franklin Templeton officialspublicly announced they would propose to shareholders the incomeshould be entirely distributed in form of dividends.
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