The gross dividend value is RON2.7 per share and Romgaz shares were trading at RON22.75 per share. The yield is calculated as the ratio between dividend per share and share value.
Romgaz will pay total dividends of RON1 billion, namely 87% of the RON1.2 billion profit it registered in 2015.
The Romanian state, which holds 70% in the company, will receive around RON729 million. Dividend payments will be mediated by the central Depository and BRD-Groupe Société Générale.
In the past year, Romgaz shares declined 30%, but the price grew 5% in the last month.