Romanian subsidiary of Austrian OMV Group, OMV Petrom, said in the press release that it will propose to its shareholders a dividend payout worth at least 30 % of this year’s net profit.
The statement from the company said that OMV Petrom currently targets a proposed dividend from the 2016 net earnings of a minimum of 30 % in case it is fully covered by the company’s free cash flows before dividends. This should not be considered as an amendment of the company’s existing dividend policy, which will remain unchanged, but only a further detailing of the general principles regarding the 2016 only.
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Tags: dividend, financial, oil, OMV Petrom, Romania