Transgaz proposes dividend of RON 1.08 per share for FY 2024, implying a dividend yield of 3.8%

Today, Transgaz published the agenda for the upcoming OGMS to be held on 29–30 April 2025, which includes a proposal for the distribution of a RON 1.08 gross dividend per share for the financial year 2024. At the share price prior to the announcement (RON 28.5), this implies a dividend yield of approximately 3.8%. The proposed payment date is set for 16 July 2025.

According to the supporting report, out of the 2024 net profit of RON 392.0m, approximately RON 203.5m will be distributed as dividends, implying a payout ratio of 52%. The remaining profit will be allocated to reserves, loss coverage, and own financing sources. The ex-date and registration date have not yet been specified and will be included in the final OGMS resolutions.

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 – 2025)

Source: Transgaz, InterCapital Research