Page 99 - bneIntelliNews monthly country report Russia May 2024

8.3 Stock market
8.3.1 Equity market dynamics
8.3.2 Dividends dynamics
● Oil & gas
the Tatneft board of directors recommended dividends for 4Q23 in the amount of RUB 25.17 per share. The dividend yield is 3.5%. The registry closing date is set for July 4th. In total, for 2023 the company will pay 87.88 rubles per share, which corresponds to 12.2% dividend yield, the dividend payout ratio is 71% of profit according to IFRS.
● Banks
The Supervisory Board of Sberbank recommended paying dividends for 2023 in the amount of 33.3 rubles. per ordinary and preferred share (within expectations), allocating a record 752bn rubles for payment. The payment of dividends must be approved by the general meeting of shareholders scheduled for June 21. The cut-off date for receiving dividends is July 11. The Chairman of the Board of Sberbank confirmed that by the end of 2024 the bank expects to make a profit above the level of 2023 (RUB 1.5 trillion).
99 RUSSIA Country Report May 2024 www.intellinews.com