Romanian oil and gas group OMV Petrom may pay dividends worth EUR 240 million from last year’s net profit.
The group’s Supervisory Board has approved the management’s proposal to distribute a gross dividend per share of RON 0.02, up by a third compared to last year. The group’s shareholders will vote on this dividend proposal on April 26.
The proposed dividend represents 6.4% of the current share price of RON 0.3105.
OMV Petrom posted a net profit of EUR 543 million in 2017, 2.4 times higher than in 2016.
Austrian group OMV owns 51% of Petrom’s shares and will get dividends worth EUR 122 million. The Romanian state also holds a 20.64% stake and will cash in almost EUR 50 million. The rest of the money will go to the minority shareholders.
(romania-insider.com)
