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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

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Fondul Proprietatea pays dividend at 3.7% yield despite posting losses last year

The shareholders of Romanian investment fund Fondul Proprietatea (FP), with major Romanian companies in its portfolio, approved to pay out of the retained earnings a dividend of RON 0.07 per share, RON 500 mln altogether, despite the fund posting losses last year, Ziarul Financiar reported.

The dividend is the equivalent of a yield of 3.7%.

The Fund’s shares were traded on July 16 at a price of RON 1.87 - 0.43% down compared to the day before.

In 2020, FP distributed dividends of RON 418 mln, out of the profit of 2019 - some RON 3.13 bln.

At the end of last year, FP reported gross income from dividends (paid by companies in its portfolio) of RON 1.2 bln, compared to RON 942 mln in 2019. The amount mainly includes dividends from the companies Elctrica Distribuţie (RON 522.9 mln), Hidroelectrica (RON 400 mln) and OMV Petrom (RON 176 mln).

Fondul Proprietatea has a capitalization of RON 13.5 bln. Since the beginning of the year, the price of its shares increased by 29.7%, and RON 563 mln worth of shares were traded.

(Photo: Adrian825/ Dreamstime)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

The Capital Markets News section is sponsored by the Bucharest Stock Exchange 

BVB

 

Fondul Proprietatea pays dividend at 3.7% yield despite posting losses last year

The shareholders of Romanian investment fund Fondul Proprietatea (FP), with major Romanian companies in its portfolio, approved to pay out of the retained earnings a dividend of RON 0.07 per share, RON 500 mln altogether, despite the fund posting losses last year, Ziarul Financiar reported.

The dividend is the equivalent of a yield of 3.7%.

The Fund’s shares were traded on July 16 at a price of RON 1.87 - 0.43% down compared to the day before.

In 2020, FP distributed dividends of RON 418 mln, out of the profit of 2019 - some RON 3.13 bln.

At the end of last year, FP reported gross income from dividends (paid by companies in its portfolio) of RON 1.2 bln, compared to RON 942 mln in 2019. The amount mainly includes dividends from the companies Elctrica Distribuţie (RON 522.9 mln), Hidroelectrica (RON 400 mln) and OMV Petrom (RON 176 mln).

Fondul Proprietatea has a capitalization of RON 13.5 bln. Since the beginning of the year, the price of its shares increased by 29.7%, and RON 563 mln worth of shares were traded.

(Photo: Adrian825/ Dreamstime)

andrei@romania-insider.com

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