Yesterday, Transgaz held its GSM meeting, during which the dividend was approved. According to the resolutions of the GSM, RON 0.35 DPS has been approved for dividend payment, which at the share price before the announcement, implies a DY of 1.8%. The ex-date is set for 27 June 2024, while the payment date is set for 18 July 2024.

The General Assembly Meeting of Transgaz was held yesterday, 24 April 2024, during which the distribution of 2023’s net profit has been approved. According to the resolutions, out of the 2023 net profit of RON 168.4m, RON 65.9m will be paid out in the form of dividends, implying a payout ratio of 39%. On a per-share basis, this would imply a gross dividend of RON 0.35, implying a dividend yield of 1.8% at the share price before the announcement.

The ex-date is set for 27 June 2024, while the payment date is set for 18 July 2024. Below we provide you with the historical dividends per share and dividend yields of the Company.

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

Source: Trangaz, InterCapital Research