bne_newspaper_June_21_2019

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June 21, 2019 www.intellinews.com
Russia's dividend season open and investors prepared for record payouts
Ben Aris in Berlin
Russia’s dividend season is open and investors are getting ready for a record payout. The percentage of profits that companies are sharing with their shareholders is at an all time high both in terms of the dividend yield and the amount of cash they are handing over.
The consensus forecast for the dividend yield to be paid from the next year’s profits by MSCI Russia index constituents has hit a new high of
Russian mobile major MTS eyes Gett taxi service
bne IntelliNews
One of Russia's "big four" mobile operators Mobile TeleSystems (MTS) is in talk to acquire a stake in mobile taxi ordering service Gett
in Russia, Kommersant daily reported citing unnamed sources.
Reportedly, Gett also discussed a partnership with internet major Mail.ru, but could not settle on a
7.9% – which is 4.6pp more than the benchmark MSCI EM average dividend yield – and the dividend to be paid in the next twelve months is at 6.9%, VTB Capital (VTBC) said in a note.
One of the factors that has pushed the dividend yield up to a fresh high is the surprise payout by state-owned gas behemoth Gazprom that
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price for the deal. Mail.ru reportedly valued Gett's Russian business at $150mn, while Gett saw the valuation at $450mn-600mn.
Another option included transferring Gett's business in Russia to Sberbank as part payment
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