Gazprom shares fell after the corporation’s board of directors recommended to refrain from paying final dividends by 2022. Gazprom’s interim dividends, which it paid last fall, were a record for the entire Russian stock market.
Gazprom’s shares on the Moscow Stock Exchange fell by 3.8% after the news about the corporation’s board recommendation not to pay final dividends by 2022. This announcement was published on the company’s website.
Gazprom’s interim dividend was a record for the entire Russian stock market. The corporation paid them in the fall of 2022, they amounted to 51 rubles per share.
Gazprom used 50% of its adjusted net profit to pay dividends. More than half of Gazprom’s dividends were received by the state of the Russian Federation as the main shareholder of the company.
Author:
Kirill Bilyk
Source: RB
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