At the Annual meeting of shareholders on 30 June 2016, ELANA AgroCredit confirmed distribution of dividend of BGN 0,04924 per share.
Key and most liquid stocks in Bulgaria to deliver 4.12% average dividend yield in 2016 with ex-div days concentrated around mid to end of June, according to data from the Bulgarian stock exchange on the base of preliminary dividend announcement and current market quotes.
With 11% return since inception, ELANA AgroCredit reaps the profits from its lean business model of financing land-hungry farmers for arable land acquisition. In the new corporate profile of ELANA AgroCredit, analysts of ELANA Trading comment the company will perform as a bond-like investment getting steady, predictable profits from the ongoing land appreciation in Bulgaria, encouraged by EU funding for the sector.