OMV Petrom shareholders approve 136% dividend payout ratio

The shareholders of OMV Petrom (SNP), the biggest energy company in Romania, approved the distribution of dividends representing 136% of last year's net profit, resulting in a dividend yield of nearly 7%.The company's shares went up 2% on Tuesday, April 27, reaching their highest level in over a year.   The company will use part of the retained earnings from previous years to pay dividends totaling RON ...

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