Electrica approved dividends worth 246 million lei

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The shareholders of Electrica SA approved a gross dividend per share amounting to RON 0.7248, the payment date being June 26, 2020, the company announced. At the same time, Iulian Cristian Bosoancă was elected as a member of the Board of Directors, on the position left vacant by Niculae Havrileț.

The shareholders also approved the revenue and expenditure budget for the financial year 2020 and the annual financial statements for the financial year ended 31 December 2019, both at consolidated and individual level.

“In the exceptional circumstances created by the Covid-19 pandemic, we continue to honor our commitments to both customers and shareholders. The dividend distribution proposal reflects the company’s performance in 2019 and is in line with the level of dividend yield we have accustomed our shareholders to.

Electrica remains one of the companies that investors still trust, despite the volatility of the capital market. Even in this difficult period, we have seen the consolidation of the positions of some institutional investors, who traditionally have a medium and long-term investment strategy, in line with the Group’s strategy. We constantly monitor the national and international context, as well as the financial performance and liquidity of the Group companies to limit any potential risks and we are ready to respond, as soon as possible, to situations generated by the evolution of the crisis,” said Corina Popescu, General Manager of Electrica.

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