Romgaz proposes a gross dividend of RON1.79 per share, of which RON1.63 from its 2020 profit and RON0.16 from retained earnings. At Tuesday’s closing price, the proposed dividend has a yield of 5.5%.
The company proposed June 8 as the registration date and June 30 as the payment date for dividends.
If approved, the Romanian state, which owns 70% of Romgaz, would be entitled to dividends totaling RON483 million.
Romgaz reported a net profit of RON1.25 billion and a turnover of RON4 billion in 2020. It has a stock market capitalization of RON12.6 billion.