The company proposes a gross dividend per share of RON0.73, in line with dividends paid over the past three years. At Thursday’s closing price, the proposed dividend would carry a yield of 5.3%.
Electrica Group plans to pay gross dividends of RON247.9 million, or 87.5% of its net profit after constituting legal reserves. The plan is subject to shareholder approval at a meeting on April 28.
The groups’ revenues grew 3.5% on the year, to RON6.5 billion in 2020.
Electrica is 48% owned by the Romanian state.