The divident yield reaches 6%, based on the current trading price of SNP shares. In early February 2024, when the company announced its intention, the dividend yield stood at 7.1%.
The registration date for shareholders is May 15 and the payment is due on June 5. Overall, the company will pay nearly RON2.6 billion to its shareholders.
OMV Petrom reported sales revenue of RON38.8 billion for 2023, down 37% from 2022, due to a decline in commodity prices and lower electricity sales. Its net profit stood at RON4 billion in 2023, compared to a record high of RON10.3 billion reported in 2022.
SNP shares have gained 20% so far in 2024, as per stock market data.