Sberbank, following Gazprom, refused to pay dividends this year. But the bank’s shares, unlike the miner’s shares, almost completely maintained their prices. Securities of “Gazprom” collapsed by almost 30%, Sberbank – only 3.5%.
The Supervisory Board of Sberbank recommended not to pay dividends to shareholders for 2021, this decision was approved by the bank's meeting on Thursday.
After the announcement of non-payment of dividends, Sberbank's shares on the Moscow Stock Exchange fell by 7%, but after a short time they almost completely recovered the fall. As of 16:30 Moscow time, the daily drop in the value of Sberbank shares is only 3.5%.
It is worth noting that Sberbank initially did not recommend paying dividends to shareholders for 2021. Last year, Sberbank paid record dividends of RUB 422.4 billion, or 56% of 2020 net profit.
On Thursday, Gazprom announced its decision not to pay dividends for 2021. Immediately after the statement, the miner's shares on the Moscow Stock Exchange collapsed 30% and did not recover as of this writing. According to current data at the time of publication, the daily drop in Gazprom shares is 29.2%.
Gazprom explained that paying dividends for 2021 is "unreasonable".
Author:
Kirill Bilyk
Source: RB
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