Hidroelectrica will have its shareholders vote on a gross dividend of RON13.99 per share during the general meeting on April 29, which at the current trading price of RON128 means a 11% dividend yield, according to ZF’s calculations. The company posted RON6 billion net profit in 2023.
It plans to distribute RON6.2 billion to investors, with the Romanian government getting about RON5 billion as majority shareholder (80%) and the pension funds (which hold about 10%) some RON600 million. This means it will distribute its entire 2023 profit to investors.
(English version by Loredana Fratila-Cristescu)