The gross dividend per share is RON0.45, ensuring a yield of 4.9% relative to trading prices on April 19, respectively RON9.18 per unit, in line with calculations by Ziarul Financiar (ZF) daily based on stock market data.
Another RON152.9 billion will be retained as reserves, and RON16 million should be retained as mandatory reserves.
Also, during the general meeting held on April 20, Electrica’s shareholders also approved a ceiling of RON900 million for the company’s bond issues planned for 2022-2023.
The bonds can be denominated in both local and foreign currencies. It will be issued on the Romanian capital market under a flexible structure, with a fixed or variable interest rate, through one or more separate issues, according to the terms endorsed by the company’s shareholders. The maturity will be set at a maximum of seven years.
Electrica is 49% owned by the Romanian State.