Of the total RON58.7 million, the amount of RON57.8 million coms from the company’s 2023 net profit and RON862,397 is the distributable retained earnings.
The cumulative value of the gross dividend is RON6.7864 per share, which ensures a 7.72% yield based on Friday’s trading price of RON87.8.
The shareholders approved May 29 as the registration date, May 28 as the ex-date, and June 17 as the payment date, Conpet representatives said in the report.
Conpet Ploiesti ended 2023 with profit of RON60.2 million, down 2.3% from 2022, and turnover of RON485.1 million, up 2.7% on the year. Operating expenses totaled RON465.4 million, up 3.7% vs 2022.
COTE shares have gained 4.9% so far in 2024 and 16.9% in the last 12 months, falling below the capital market average, reflected by the benchmark index BET.
The Group is 58.7% held by the Romanian State and is valued at RON758 million.