Thus, Transelectrica wants to offer 75% or 90% of the profit as dividends.
In 2016, the company’s net profit fell 21%, to RON286 million, from RON360 million in 2015.
Transelectrica has a market capitalization of RON2.4 billion.
Energy
Transelectrica Proposes Dividends At 6% Or 7% Yield From 2016 Profit
Romanian state-run power grid operator Transelectrica (TEL.RO) proposes the payment of gross dividends of RON1.881/share, at a 6% yield, or RON2.257/share, at a 6.6% yield, from last year’s profit.