Dividends will be paid out from Romgaz’s 2015 net profit, which stood at RON1.19 billion, down 15% on the year.
The dividend yield will be 11.34%, nearly 8.7-fold higher than the annual average interest rate for a bank deposit, which reaches 1.3%.
Following the distribution of dividends, the Romanian state, which owns 70% of Romgaz shares through the Energy Ministry, will cash RON728.44 million.
Romgaz has a market capitalization of RON9.11 billion.
On the Bucharest Stock Exchange, Romgaz shares traded at RON23.8/unit on April 28. In 2016, the company’s shares on the stock market hit a record low of RON22.1/unit on January 20 and a record high of RON27.55/unit on March 25.