Page 87 - RusRPTJul20

RTS sectors performance YTD as of July 1, 2020
8.3.2 ​ Dividends dynamics
● Oil & gas
The shareholders of Russian oil major​ ​Lukoil​ have approved a decision to pay RUB350 per share, or a total of RUB242.5bn, in final dividends for 2019​, the company said in a statement on Tuesday. Taking into account the interim dividend payment in 2019, the total payout for 2019 stands at RUB542 per share or almost RUB380bn in total. For 2018, the company paid total dividends of RUB250 per share.
Transneft​’s BoD has not made a dividend recommendation for FY19 (despite this item being on the BoD meeting agenda on Friday) and will vote again after it receives a government directive, Kommersant reports. Earlier, the company and the government were discussing the potential split of the 2019 dividend into four parts with at least 50% of the proposed dividend to be paid during in 2020, and the remaining 50% distributed over the next three years. According to Kommersant, both Transneft’s BoD and MinEnergo are in favour of this proposal. The government directive for the decision on the dividends for 2019 might be issued in September, per Kommersant sources.
The shareholders of Russian gas giant ​Gazprom​ have approved paying RUB15.24 per share, or a total of RUB360.784bn​, in dividends for 2019, the company said in a statement on Friday. The payment accounts for 30% of the profit attributable to shareholders for 2019, as calculated under International
87​ RUSSIA Country Report​ July 2020 ​ ​www.intellinews.com