The report shows that the gross dividend per share is RON13.99, which ensures a 10.4% yield, based on a trading price of RON134 per one H2O title.
The registration date for dividends was set for June 10 and the ex-date for June 7. The actual dividend payment will be made on June 28, according to Hidroelectrica representatives.
Hidroelectrica reported record profit of RON6.3 billion for 2023, up 42% versus 2022, and revenue of RON12.2 billion, up 30% on the year. Electricity production grew by 30% to 18,119 GWh.
Hidroelectrica is 80%-owned by the Romanian State and has a market capitalization of nearly RON60 billion, the largest among Romanian companies listed at the Bucharest Stock Exchange.
Hidroelectrica shares have gained 4.7% so far in 2024 and 13.6% in the last six months.