Calculations by Ziarul Financiar (ZF) daily, based on the current share trading price, show a dividend yield of almost 5.9%. The company is expected to distribute dividends worth RON85 million.
Shareholders will also vote on approving May 21 as the registration date, May 20 as the ex-date and June 6 as the payment date.
Aquila Group ended 2023 with net profit of RON97 million, up 14% from the 2022 result, being the highest profit since the company’s inception.
The company’s revenue climbed 14% on the year to RON2.5 billion in 2023. Aquila Part Prod Com has a market value of RON1.4 billion and its largest shareholders are Vasile Constantin-Catalin (a 33.3% stake) and Alin Dociu (25%). AQ shares have gained 30.4% so far in 2024, amid deals worth RON144.1 million, as per stock market data.