Romania's OMV Petrom to pay dividend of at least 30% of 2016 net profit

Romania's top oil and gas group OMV Petrom [BSE:SNP] said on Tuesday it expects to pay a dividend of at least 30% of its 2016 net profit, seenews.com informs. "OMV Petrom currently targets, subject to adverse developments in the external market, a proposed dividend from the 2016 net earnings of a minimum of 30% in the case it is fully covered by the company's free cash flows before dividends," executive Board member Lacramioara Diaconu-Pintea said in a ...

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