The shares of Romanian natural gas producer Romgaz suffered a 14.86 % loss in value as a result of ex-dividend date on 5 July.
The ex-dividend date is the first day that the buyers no longer receive dividends, the effect of which is generally being felt through a price correction in the market. On 5 July, the value of Romgaz’ shares fell by 14.13 %, losing 1.12 euros, which is more than the gross dividend of 1.07 euros/share distributed both from last year’s profit and the reserves.
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Tags: dividend, financial, gas, Romania, Romgaz