Relative to Tuesday’s closing price, the dividends have a yield of 8.9%.
Conpet will distribute RON57.7 million as dividends from its 2019 profit of RON65.3 million, and another RON3.3 million from excess reserves.
The company will start paying dividends on June 25, 2020.
The Romanian state, which owns 58.7% in Conpet, is entitled to around RON35.8 million.