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Top dividends on the Bourse

Autor: Andrei Chirileasa

30.03.2011, 23:22 12

Ten companies of the 30 that have so far announced they woulddisburse dividends out of last year's profit offer yields above theaverage level of deposit interest rates, currently revolving around6.5%.

Out of the 76 companies listed on the main market of theBucharest Stock Exchange, 22 have announced they would distributedividends from 2010 profit. In addition, there are also eightimportant companies on RASDAQ that will do the same.

The total value of dividends the 30 companies propose toshareholders amount to 2.28bn lei (over 550m euros).

At current stock market prices, the most attractive dividendsare offered by Zentiva Bucureşti (SCD) drug maker and VAE ApcaromBuzău (APC) railway equipment producer, both with gross dividendyields of above 20%.

Next come two state-owned companies: Transgaz Mediaş (TGN)natural gas transmission company and Conpet Ploieşti (COTE) oilproduct transmission company, which derived significant profitslast year and have to award at least 90% of profits as dividends,compared with a rate of 50% from 2009 profit. Thus, the yield ofthe two companies' dividends revolves around 11%.

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