Romania’s Hidroelectrica to pay 7.3% dividend yield this year
<p>The Romanian hydropower group Hidroelectrica (BVB: H2O) called shareholders on April 29 to approve the distribution of RON 4 billion as dividends, according to a note to investors.</p>

<p>The proposed dividend accounts for almost the entire RON 4.1 billion net profit achieved last year.</p>

<p>The gross dividend per share is to be set at RON 8.99, down from RON 13.99 last year. The company’s net profit plunged 35% y/y in 2024 amid adverse weather.</p>

<p>According to calculations based on the current trading price of the shares, the dividend yield would be 7.3%, compared to 11.4% last year. The price of the company’s shares dropped by 4.3% y/y.</p>

<p>The proposed record date for shareholders who want to benefit from dividends is June 4, while the ex-dividend date is June 3, and the dividends would be paid on June 25.</p>

<p>The company’s market capitalisation is RON 55 billion (EUR 11 billion) and is 80.06% controlled by the Romanian state.&nbsp;</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/Octav Ganea)</em></p>