At the share price before the announcement, this would amount to a DY of 9.4%. The ex-date is set for 6 June 2023.

On Friday, Nuclearelectrica published a notice for the OGSM and EGSM meetings, which will be held on 26/27 April 2023. In the notice, they also discussed the distribution of profit. In total, from the financial year 2022, they approved the amount of RON 1.28bn to be paid as dividends, which would imply a payout ratio of 47%. On a per-share basis, this would imply a gross dividend of RON 4.25407469. Furthermore, at the share price before the announcement, this would be indicative of a DY of 9.4%.

Of course, the dividend proposal is subject to approval at the OGSM meeting mentioned above. The ex-date is set for 6 June 2023, while the payment date is set for 23 June 2023. Below we provide you with the historical dividend per share and dividend yields of Nuclearelectrica.

Nuclearelectrica dividends per share (RON) and dividend yields (%) (2016-2023)

Source: Nuclearelectrica, InterCapital Research