Romania’s Romgaz to pay thin 2% dividend yield amid high investments
<p>Romania’s main natural gas producer, Romgaz (BVB: SNG), plans to pay a dividend with a yield of just 2%, according to <a href="https://www.profit.ro/povesti-cu-profit/financiar/piata-de-capital/romgaz-vrea-sa-distribuie-mai-putin-de-o-cincime-din-profitul-net-sub-forma-de-dividende-21981623?mc_cid=873b0eb479&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a> quoting a company’s note to investors.</p>

<p>The Board of Directors of Romgaz (SNG) convened the shareholders for April 29-30, with the distribution of profits on the agenda.</p>

<p>Thus, the amount of RON 583.91 million would go to shareholders in the form of dividends at a distribution rate of 18.14% compared to the net profit of RON 3.22 billion obtained last year.</p>

<p>The company also aims to transfer RON 20.43 million, representing dividends from retained earnings. This brings the aggregate dividends to RON 604.34 million.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/Adel Al-Haddad)</em></p>