Shareholders approved a gross dividend of RON0/015/share from the 2020 profit and a gross dividend of RON0.105/share from reserves constituted from profit in previous years.
The distribution of dividends from reserves was requested earlier this month by the company’s majority shareholder, KMG International NV, which owns 73%.
Rompetrol Well Services will pay a total gross dividend of RON0.12/share, the equivalent of a 22% yield at current prices. Payment was set for July 8.
Rompetrol Well Services, with a stock market capitalization of RON150 million, ended 2020 with a turnover of RON49 million and a net profit of RON4.36 million.