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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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RO power grid operator Transelectrica proposes 3% dividend yield

Romanian state-controlled power grid operator Transelectrica (TEL) wants to distribute only 26% of its 2020 net profit as dividends – some RON 39 mln (EUR 8 mln) in total. The company will also distribute RON 20.5 mln (EUR 4.2 mln) worth of dividends from its reserves. Thus, the total sum that will reach the investors’ accounts is RON 59.5 mln (EUR 12.2 mln).

The proposed gross dividend per share is RON 0.814 and represents 3.1% of the current share price of RON 26.4 (as of March 25).

Transelectrica’s shares are up by a modest 2.34% this year, compared to a 10.86% increase for the BET index and a 13% increase for the BET-NG index, which follows the shares of listed energy companies.

editor@romania-insider.com

(Photo source: Pexels.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
 

RO power grid operator Transelectrica proposes 3% dividend yield

Romanian state-controlled power grid operator Transelectrica (TEL) wants to distribute only 26% of its 2020 net profit as dividends – some RON 39 mln (EUR 8 mln) in total. The company will also distribute RON 20.5 mln (EUR 4.2 mln) worth of dividends from its reserves. Thus, the total sum that will reach the investors’ accounts is RON 59.5 mln (EUR 12.2 mln).

The proposed gross dividend per share is RON 0.814 and represents 3.1% of the current share price of RON 26.4 (as of March 25).

Transelectrica’s shares are up by a modest 2.34% this year, compared to a 10.86% increase for the BET index and a 13% increase for the BET-NG index, which follows the shares of listed energy companies.

editor@romania-insider.com

(Photo source: Pexels.com)

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