The total dividends to be distributed amount to RON634 million, or 30.2% of the RON2.1 billion net profit registered in 2014. Last year, the company paid shareholders 36% of a record RON4.8 billion profit reported for 2013, respectively RON0.308 per share.
Compared with Tuesday closing price, of RON0.36 per share, the dividend yield is 3%. Wednesday morning, Petrom shares traded down 1.5% in a slightly rising market.
Austria’s OMV holds a 51% interest in Petrom, Romania’s government owns a 20.6% stake in the company, while 19% of the shares are in the hands of investment fund Fondul Proprietatea (FP.RO).