The propositions will be discussed by shareholders on April 27, Petrom said in its financial report.
The company did not mention the potential value of the dividend.
Company chief executive officer Mariana Gheorghe told a news conference Wednesday that Petrom paid dividend worth a total 1 billion lei (EUR230 million) in 2010.
Petrom announced a record profit of RON3.76 billion for 2011, the greatest profit ever achieved by a company in Romania.
The company is 51.01% owned by Austrian oil and gas group OMV, while the Economy Ministry holds a 20.64% stake, Fondul Proprietatea (FP.RO) holds 20.11% and the European Bank for Reconstruction and Development holds 2.03%. (EUR1=RON4.355)