The company that operates the national natural gas transmission system, Transgaz, will distribute a gross dividend of 15.47 lei/ share. The Ordinary General Meeting of Shareholders of Transgaz Mediaș (TGN) approved the proposal of the Board of Directors for the distribution of the net gain of 348.26 million lei obtained last year.

Thus, 166.12 million lei, respectively 47.70% of the profit, will go to the “other reserves” chapter, and the amount of 182.14 million lei, equivalent to 52.30% of the net profit, will go to shareholders in the form of dividends. The highest collection, of 106.57 million lei, will have the Romanian state, which holds 58.51% of the titles, through the General Secretariat of the Government, according to Profit.ro.

The gross dividend with the ex-date on June 25 and the payment date on July 17 is of 15.47 lei/ share, and at the last closing price, of 259.00 lei/ share, it has a net yield of 5.67%.