Marcel Murgoci, Estinvest: "The energy sector is the one from which investors receive the highest dividends"

The energy sector is one of the most important on the Bucharest Stock Exchange (BVB), a characteristic that is given, first of all, by the fact that it is the sector from which investors receive the highest dividends, says Marcel Murgoci, director of operations of Estinvest brokerage company.

In his opinion, I think this is determined by the fact that most companies are state-owned, where the law requires that at least 50% of profits go to dividends.

"Of course these companies were also profitable, and the period of the last years was extremely beneficial for most companies in the field. I think that, as long as the companies will be profitable and there will be a certain predictability regarding the granting of dividends, the sector will remain in the attention of investors", Marcel Murgoci told us.

The director of Estinvest emphasized that OMV Petrom, which is not a company majority owned by the state, has a declared policy of dividends, which all companies on the Main Market of the Bucharest Stock Exchange should have. In December 2021, the oil and gas producer made a firm commitment to increase its core dividend per share by 5% to 10% on average per year through 2030, according to information available on the company's website.

"As the market shows, there is a good chance that energy producers and suppliers will remain profitable. Of course, the level of profitability is determined by many factors, including the way companies manage to diversify their activity and, of course, the international context", added Marcel Murgoci.

Energy and utility companies account for more than half (56%) of the BET index, the main basket of shares on the Bucharest Stock Exchange.