Recently, Nuclearelectrica proposed a dividend of RON 3.716 per share, representing a dividend yield of 7.6% at the share price before the announcement. The ex-date is set for 30 May 2024, while the payment date is set for 21 June 2024.

Nuclearelectrica, the largest nuclear power producer in Romania, proposed the dividend payment recently, from the 2023 net profit. According to the proposal, the Company proposed a payment of RON 1.12bn, which on a per-share basis, represents a dividend of RON 3.716. This would present a payout ratio of 45% of the consolidated net profit from 2023. At the share price before the announcement, this would represent a DY of 7.6%.

The ex-date is set for 30 May 2024, while the payment date is set for 21 June 2024. The proposal will be voted upon at the OGSM, which will be held on 25 April 2024. Below we provide you with the historical overview of the Company’s dividends per share and dividend yields.

Nuclearelectrica dividends per share (RON) and dividend yields (%) (2016 – 2024)

Source: Nuclearelectrica, InterCapital Research