A gross dividend of RON0.045, which would translate into a 10% yield, leads to a total value of special dividends of some RON2.6 billion. Petrom has already paid RON0.0341 dividend to shareholders or about RON2 billion, which means the company could pay some RON4.6 billion to investors in 2022 if the shareholders approve the special dividends.
Petrom has a RON26 billion capitalization and its first quarter net profit increased to RON1.8 billion from RON573 million in the year-ago period. Revenue grew from RON4.9 billion to RON11.9 billion and the company had RON10.3 billion in cash in the first quarter of 2022.
This special dividend proposal will be submitted for approval of the Supervisory Board on June 21, 2022 and subsequently to the Ordinary General Meeting of Shareholders.
(English version by Loredana Fratila-Cristescu)