Page 144 - RusRPTJun24

Taking into account high interest rates in the economy, interest income continues to play a decisive role in the dynamics of Moscow Exchange income. The Moscow Exchange will publish financial statements for 1Q24 under IFRS on May 22. We expect that quarterly profit may update the historical maximum set in 4Q23 (RUB 20 billion). On May 31, a repeat general meeting of shareholders will be held (the meeting on April 25 was declared invalid due to lack of quorum), where shareholders will be asked to approve dividends for 2023 in the amount of 17.35 rubles. per share (7.4% to the current price).
8.3.2 Dividends dynamics
Seligdar's board of directors recommended paying final dividends for 2023 in the amount of 2 rubles per share. The dividend yield at the closing price on May 2 is 2.8%. The amount of payment, if approved by shareholders at the meeting on June 4, will be 2.06 billion rubles. The closing date of the register is June 15. Thus, the total dividend yield for 2023 (taking into account the dividend of 2 rubles/share for 9M23) is 5.5%.
On Friday (May 24), Aeroflot's board of directors, as expected, recommended that shareholders not pay dividends for 2023. The company’s net loss according to IFRS for 2023 amounted to 14.02bn rubles, and according to RAS – 29.46bn rubles.
Rosneft's board of directors recommended final dividends for 2023 in the amount of RUB 29.01 per share. The recommendation is in line with dividend policy and our expectations. The total amount of dividends for
144 RUSSIA Country Report June 2024 www.intellinews.com