The shareholders of Shiprepair Yard Odessos have approved the distribution of BGN 1.1m out of its 2008 net profit of BGN 12.1m as cash dividends (BGN 1.90 gross DPS, 9% payout ratio). At the current price of BGN 108.99 the dividend yield is 1.7%. The ex-dividend date is July 3. The dividend payments would start on Sept 10, 2009.