At current trading prices of RON0.580/share, the company’s dividend proposal means a 7.1% yield, in line with ZF calculations.
The dividend proposed for this year is 10% higher than last year’s, at the high end of the 5-10% range stated in the dividend guidance.
The company’s executive board also announced its intention of proposing a special dividend in 2024.
The Executive Board’s final proposal for the distribution of base dividends for the financial year 2023 will be submitted for approval to the April 2024 Ordinary General Meeting of Shareholders after the approval by the Supervisory Board, following Audit Committee review.
The potential distribution of special dividends will be subject to a future Ordinary General Meeting of Shareholders.
The company has a RON36 billion capitalization and a number of 62.3 billion shares issued.
(English version by Catalina Apostoiu)