You have 3 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Romania's OMV Petrom to pay out 2.5 bln lei (506.7 mln euro) in special dividend

Author Senad Dedeic
Romania's OMV Petrom to pay out 2.5 bln lei (506.7 mln euro) in special dividend Source: OMV Petrom

BUCHAREST (Romania), July 27 (SeeNews) - Romania's top oil and gas group OMV Petrom [BSE:SNP] said that its shareholders approved a proposal to pay out more than 2.5 billion lei ($513.64 million/506.7 million euro) in special dividend.

The company will pay out a gross dividend of 0.045 lei per share, it said in a press release on Tuesday.

As a result, the Romanian state, which holds a 20.6% stake in the company via the energy ministry, will get some 530 million lei in dividend.

The dividend payout comes on top of a dividend of 0.0341 lei per share for 2021, or a total gross dividend of 1.932 billion lei, which the company announced in April.

OMV Petrom's consolidated net profit soared to 2.864 billion lei in 2021, from 1.291 billion lei in the previous year.

OMV Petrom is the largest integrated energy company in Southeast Europe with an annual group hydrocarbon production of 47 million boe in 2021.

Austria's OMV Aktiengesellschaft holds a 51.011% stake in OMV Petrom, a further 20.639% is held by the economy ministry, while the remaining 28.35% is listed on the BVB and the LSE.

Shares in blue-chip OMV Petrom traded 3.59% higher at 0.519 lei by 1230 CET on the BVB on Wednesday.

(1 euro = 4.933 lei)

OMV Petrom SA is among the biggest companies in SEE, for more reference take a look at Top 100 companies