Transgaz shareholders could receive a dividend of RON 25.74/share

Transgaz shareholders will discuss, in the meeting scheduled for 27 April, the proposal to distribute a gross dividend per share of RON 25.74, related to 2016, and keeping a 50% rate for the distribution of the net profit as dividends for 2016, the company informs in a communique submitted Wednesday to the Bucharest Stock Exchange. The estimated date for starting dividend payment is 18 July 2017. “Keeping a 50% rate for the distribution of the net profit as dividends for 2016 is reasoned by the negative impact which the increase in the distribution rate of the net profit in the form of dividends has on company’s indebtedness, indebtedness which during 2019-2020 could reach high levels (4.97 in 2019) even in the conditions of applying a 50% rate of the net profit”, the company mentions.