Page 88 - RusRPTMay20

line with the previously announced approach of paying R3bn of dividends per year in 2020, 2021 and 2022. The stock is expected to be marked ex-dividend on July 8. Also, the BoD has appointed Stephane Zweguintzow as CEO of Enel Russia.
HeadHunter revoked 2020 guidance, delayed announced dividend payment.​ Guidance was withdrawn due to the high uncertainty for the Russian economy and recruitment market from COVID-19 and measures to prevent its spread. Headhunter has started to see negative impact from the virus in the past several weeks (activity on its platform decreased), while Russia will remain in ‘self-isolation’ mode at least until the end of April. HeadHunter also decided to delay payment of earlier announced interim dividend (Rb1.9bn, $0.5/share, March 27 record date) from 20 April until further notice.
Russia top 20 dividend payers next 12 months
Company NTM FY18 FY19 FY20
Surgutneftegas, pref. 18.70% 3.40% 18.70% 7.90%
Globaltrans, GDR 16.90% 16.40% 16.80% 16.90%
HMS, GDR 14.30% 18.10% 13.60% 13.90%
Severstal, ord. 13.40% 14.90% 13.10% 11.50%
VEON, ADS 13.00% 12.50% 13.00% 13.40%
Evraz, ord. 12.20% 13.30% 14.10% 11.30%
Norilsk Nickel, ord. 12.20% 10.00% 12.20% 12.20%
Enel Russia, ord. 12.10% 12.40% 12.10% 12.70%
Tatneft, pref. 11.80% 7.10% 9.20% 8.40%
MMK, ord. 11.10% 11.70% 11.10% 12.90%
LSR Group, GDR 10.90% 11.40% 10.90% 10.90%
Detsky Mir, ord 10.90% 9.70% 10.90% 13.00%
MTS, ADR 10.70% 10.10% 10.70% 10.70%
MTS, ord. 10.70% 9.90% 10.70% 10.70%
NLMK, ord. 10.40% 11.20% 12.60% 9.30%
Etalon Group, GDR 10.10% 9.60% 10.10% 9.60%
Inter RAO, ord. 9.90% 3.20% 4.20% 9.90%
Alrosa, ord. 9.90% 12.50% 9.90% 12.50%
Moscow Exchange, ord. 9.30% 6.40% 8.90% 9.30%
Tatneft, ord. 9.20% 5.60% 7.20% 6.60% Source: Bloomberg, Company data, VTB Research Cap
88​ RUSSIA Country Report​ May 2020 ​ ​www.intellinews.com