At the share price before the announcement, this would amount to a DY of 7.61%. the ex-date is set for 12 May 2023.
The Executive Board of OMV Petrom proposed the distribution of dividends for the financial year 2022, the one that was already announced back on 2 February 2023, in the gross amount of RON 0.0375 per share. This was approved by the Supervisory Board on 16 March 2023. At the price before the announcement, this would amount to a DY of 7.61%.
In the press release, OMV Petrom notes that the dividend implies a 10% YoY increase, which is at the top end of the 5-10% range stated in the dividend guidance. The dividend proposal is subject to approval by the OGSM which will be held on 26/27 April 2023.
The ex-date for the dividend payment is 12 May 2023, while the payment date is set for 7 June 2023. Below we provide you with the historical OMV Petrom dividends per share, as well as dividend yields.
OMV Petrom dividend per share (RON) and dividend yield (%), (2013 – 2023)
Source: OMV Petrom, InterCapital Research