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20 companies on the Bucharest Stock Exchange announced dividends worth RON 1.6 billion

About one third of the nearly 60 companies on the Bucharest Stock Exchange already called general meetings (AGM) for the presentation of 2011 results proposed to shareholders dividend distribution from last year profits.

2012-03-23 15:00:20

The cumulative amount of dividends proposed until now worth RON 1.6 billion ( EUR 365 million) and is 23 percent higher than the total dividends offered by the same companies last year, from 2010 profits. The higher dividend distributions will make the Property Fund (FP - RON 531million) and Transgaz (TGN - RON 350 million). Both reported increased profits in 2011 and will reward shareholders with higher dividends. For example, the FP dividends are 22 percent higher than last year and the Transgaz value increased by 3.3 percent. Since the actions of the two companies are currently below the last year, yields will be higher. SIF Transilvania (SIF3) and SIF Moldova (SIF2) are also among the largest dividend payers this year after the sale of the packages from BCR brought more profits last year than in 2010.



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