ZF English

BSE listed companies have announced 1bn lei worth of dividends so far

Autor: Andrei Chirileasa

21.03.2011, 23:42 12

Fourteen of the 76 companies listed on the main market of theBucharest Stock Exchange (BSE) have so far announced they woulddisburse dividends from profits derived last year and at leastanother three companies are due to make such announcements, withthe total value of sums awarded to shareholders going beyond 1bnlei (247m euros), according to ZF calculations.

Last year, 23 Bourse companies awarded dividends from 2009profits, including Fondul Proprietatea that was not listed yet,with the total value of dividends hitting 1.86bn lei (436m euros),in which FP dividends accounted for over 1.1bn lei, though.

Not including FP dividends, the total sum due to be distributedto the shareholders of the other companies tops last year's,although large issuers such as Alro Slatina (ALR) have notannounced their plans in this regard.

The biggest dividends are likely to be disbursed by TransgazMediaş gas transmission company (TGN), which, while it has notannounced the dividend value, yet, is forced by the state todistribute 90% of last year's profit to shareholders. The value ofTransgaz dividends may top 330m lei.

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