Romanian natural gas producer Romgaz announced that it has adopted a decision on the distribution of gross dividend in the amount of 0.83 euros/share for 2016, which is a significant increase from last year’s 0.59 euros/share.
The company said in the statement that out of total amount of dividend, 0.52 euros per share represents payment from 2016 profit, while additional 0.31 euros/share will be paid from retained earnings from previous years, totaling 203 million euros from 2016 net profit and additional 120 million euros from the reserves. In early 2017, the Government adopted a decision that state-owned companies should distribute at least 90 % of their profit in dividends.
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