April 25 (SeeNews) - Romanian power distributor and supplier Electrica [BSE:EL] said on Thursday its shareholders have approved a gross dividend payout of 0.73 lei ($0.17/0.15 euro) per share for 2018, up from 0.7237 lei per share paid for 2017.
The company plans to distribute 247.5 million lei in cash dividend, or almost 83% of its 2018 net profit, the company said in a statement.
Electrica plans to start paying out dividend on June 24.
Electrica's 2018 net individual profit rose 15% to 298 million lei, while consolidated profit rose 34% on the year to 230 million lei.
Electrica, in which the state owns a stake of 48.8%, is listed on the Bucharest Stock Exchange and the London Stock Exchange.
Shares of Electrica changed hands 1.40% higher at 10.9 lei in Bucharest by 1512 CET on Wednesday.
(1 euro=4.7581 lei)