Nuclearelectrica distributes 60% of 2021 profit as dividends
The managing board of Nuclearelectrica, the state-controlled company that operates the Cernavoda nuclear plant, proposed to distribute as dividends RON 596 mln (EUR 12 mln), or nearly 60% of last year’s net profit, Profit.ro reported.
Andrei Chirileasa · Journalist
· Updated · 1 min read
The managing board of Nuclearelectrica, the state-controlled company that operates the Cernavoda nuclear plant, proposed to distribute as dividends RON 596 mln (EUR 12 mln), or nearly 60% of last year’s net profit, Profit.ro reported.
The Government, which holds 82.5% of Nuclearelectrica, recently allowed the company - along with Romgaz - to retain up to 50% of the net profit to finance investments, waiving for these two companies the mandatory 90% dividend payout ratio set for state-controlled companies.
For the current market price, the dividend set by Nuclearelkectrica’s managing board would generate a yield of 4.5%.
The company’s shares inched up by 1.9% after the note to investors was released on March 28. The market capitalisation of the company was, consequently, RON 12.9 bln (EUR 2.6 bln).
(Photo: Adrea / Dreamstime)
