Bourse companies' shareholders this week are discussing thedisbursement of dividends from last year's profits, with over 2.4bnlei (580m euros) being at stake.
The previous record was set in 2008, when companies disburseddividends worth around 2.4bn lei from profits generated in2007.
Ten of the largest companies listed on the BSE have generalshareholder meetings scheduled for this week, with the agendaincluding approving the disbursement of dividends from 2010profits. The managers of the ten companies proposed total dividendsworth 2.03bn lei (494m euros) to shareholders.
Dividends have been gaining importance in analyses carried outby investors and in the yields they get, as stock increases are nolonger as significant as in previous years.
For the first time in recent years, some of these companies'shareholders have asked for and obtained the introduction on theagenda of some proposals to boost dividends by a total 335m lei(81m euros). Thus, should all dividend increase proposals beapproved, the total sum distributed to shareholders would climb to2.36bn lei (575m euros).
The biggest stake is with Fondul Proprietatea (FP), whereFranklin Templeton US manager proposed 216m lei in dividends, andthe Finance Ministry, which owns 36% in stock, asked for the sum tobe doubled to 432m lei. The outcome will be found out on Wednesday.If the Ministry's proposal is approved, FP dividend yield wouldclimb to 5.4%.
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