Transelectrica reported a net profit of RON90.2 million in 2011, of which RON80.6 million will be paid in dividends.
The proposal is subject to shareholder approval at a meeting due April 26.
Romanian Economy Ministry owns 73.68% in Transelectrica, while investment fund Fondul Proprietatea holds a 13.5% stake. The remaining shares are traded on the Bucharest stock exchange.
Last week, the ministry launched a secondary offering of a 15% stake in Transelectrica at a price range of 14.9 to 19.2 lei (EUR3.41 to EUR4.4) per share. The public offering will end on March 27 and will be deemed successful if at least 70% of the shares are sold.
Thursday, Transelectrica closed up 2.25% at RON16.36 a share. (EUR1=RON4.3718)