SIF Moldova dividend: 670 ROL/share

SIF Moldova intends to disburse a gross dividend of 0.0670 RON/share (670 ROL), up 11.7% on the dividend distributed last year. Moldova is the first financial investment company (SIF) to announce the dividend it is expecting to grant this year. The dividend growth will be diminished by the tax on dividends, which has been increased this year from 10% to 16%. The dividend SIF Moldova intends to grant stands at less than 3% of the price for which company shares are traded on the market and things will probably be the same for the dividends granted by the other SIFs. The strong price growth on the Stock Exchange has caused yields derived from dividends to be less attractive as compared with banking interests. ZF