The amount accounts for 45% of last year’s preliminary net profit or RON62 million, according to Bucharest Stock Exchange data. The gross dividend of RON0.155 per share translates into a 3.8% yield at a trading price of RON4.04. The payment date is June 16.
TTS shares have lost 55% in the past 12 months, on a liquidity of RON300 million and at a market value of RON730 million. Founder Alexandru Mircea Mihailescu owns 25.3% in the carrier.
(English version by Loredana Fratila-Cristescu)