The quota allocation foreseen in the 2019 budget of revenue and expenditure of Transgaz, approved through Resolution 3/16.05.2019 of the General Meeting of the Shareholders, is of 50%.
The company plans to pay out its shareholders a gross dividend of RON15.47 per share, which, relative to the current trading prices, ensures a 6.7% yield, according to ZF calculations.
The proposal for the date of payment of dividends is June 17, 2020.
The company had a net profit of RON348.26 million in 2019, down 29% on the year, of which RON166.11 million is proposed for establishing own financing sources.
Transgaz is 58.5% owned by the Romanian State.
Transgaz shares have been trading down 36.1%, amid deals worth RON61.3 million, securing the company a market value of RON2.7 billion.