Romanian state-controlled natural gas producer Romgaz will distribute to shareholders around 128 million Euro in dividends for 2019, according to a company report on the Bucharest Stock Exchange.
The company will pay a gross dividend of 1.61 RON per share, resulting in a yield of 5.8% based on the latest share price (27.75 RON).
In addition to last year’s net profit, the company will also distribute to shareholders part of its reserves accumulated in the previous years, Romania Insider reads.
The Romanian state, which holds 70 percent of the company’s shares, will get almost 90 million Euro. The remaining 38 million Euro will be split among the minority shareholders, which include private pension funds, and other local investment funds.