Bulgaria's Monbat plans to pay total 3 mln euro in dividend

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Bulgarian car battery maker MonBat [BUL:5MB] said on Monday it plans to pay a total of 5.85 million levs ($3.4 million/3 million euro) in gross dividend for 2014.

Some 6.98 million levs of the company's 12.8 million lev profit for last year will be retained as undistributed profit, Monbat said in a press release.

The dividend payment proposal will be put to the vote at a general shareholders’ meeting scheduled for June 25.

MonBat paid out 8.97 million levs, or 0.219 levs per share, in dividend for 2013.

(1 euro=1.95583 Bulgarian levs)

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