At the current share price, dividend yield is 2.8% for regular and 2.9% for preferred share. Ex-date is 13 July 2020.
Končar D&ST published a document on the Zagreb Stock Exchange in which the company proposed the distribution of net income for the year 2019. Of the 2019 net income, the company proposed to pay out HRK 19.25m as dividends, which represents a payout ratio of 39%. Such a dividend payout translates into HRK 37.66 per share. At the current share price, dividend yield is 2.8% for regular and 2.9% for preferred share.
Note that the ex-date is 13 July 2020.
In the graphs below, we are bringing you a historic overview of the company’s dividend per share and dividend yield.
Dividend Per Share (2015 – 2020) (HRK)
Dividend Yield (2015 -2020) (%)
OMV Petrom will obtain the rights to conduct oil and gas exploration activities in Block II, located on the shelf and within the economic zone of the Georgian offshore Black Sea.
OMV Petrom published an announcement on Bucharest Stock Exchange stating the they have been selected as the winner of the open international tender held by the Ministry of Economy and Sustainable Development of Georgia for the Offshore Block II.
The block will be formally awarded only if negotiation of a Production Sharing Contract is successfully finalized. If so, OMV Petrom will obtain the rights to conduct oil and gas exploration activities in Block II, located on the shelf and within the economic zone of the Georgian offshore Black Sea.
Currently, OMV Petrom has exploration, development and production operations in the shallow waters (Istria block) and exploration activities in partnership with ExxonMobil in deep-water areas (Neptun Deep). Oil and gas production in shallow waters (Istria block) amounts to approximately 25,000 boe/day. In 2019, it accounted for around 17% of the Group’s domestic production.