MTS shares fell by 16% after paying dividends to shareholders. The amount of dividends paid out, at 35 rubles per share, represented a dividend yield of over 13%.
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MTS shares plunged 16% after dividend payment to shareholders
Ordinary shares of telecom operator MTS fell by 16.3% on the Moscow Stock Exchange. This is evidenced by trading data.
The fall in MTS’s share price was preceded by the payment of dividends to shareholders. According to the results of 2023, the company paid dividends to shareholders in the amount of 35 rubles per share. The deadline for the dividend was July 16.
Dividends of 35 rubles per share correspond to a dividend yield of 13.4% per annum as of the close of trading on July 15.
In 2023, MTS increased its revenue year-on-year by 13.5% to RUB 606 billion, net profit increased by 67.5% to RUB 54.6 billion.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
