The company proposed a gross dividend per share of RON0.814 from its 2020 profit and retained earnings. At Wednesday’s closing price, the proposed dividend carries a 3% yield.
Transelectrica seeks to distribute RON39 million as dividends from its 2020 profit of RON114 million, and RON20.5 million from retained reserves.
It proposes June 4 as the registration date and June 25 as payment date.
The company is 58.7% owned by the Romanian state and has a stock market capitalization of RON1.9 billion.