12.12.2019, 15:09
Gazprom Decided in Three Years to Start Directing 50% of Its Profits on Dividends
Source: OREANDA-NEWS
OREANDA-NEWS. The Gazprom Management Committee approved the new version of the dividend policy. The company plans to reach a level of payments of at least 50% of adjusted net profit in accordance with IFRS in three years, the press service of Gazprom. According to the approved project, reaching the target will be phased. According to the results of work in 2019, the company plans to pay at least 30%, according to the results of work in 2020 - at least 40%, according to the results of work in 2021 and in subsequent years - at least 50% of net profit.
“Gazprom’s new dividend policy is an important step towards shareholders and investors. I am sure that the company's shares, which have serious potential for growth, will become an even more interesting asset for financial investments”, said Alexey Miller, Chairman of the Board of the company.
The draft new dividend policy will have to be approved by the Gazprom Board of Directors. Gazprom shares on the Moscow Exchange are trading positive on Thursday. According to 15:25, the price per share was 252.5 rubles (+ 2.18% compared to yesterday's close).
“Gazprom’s new dividend policy is an important step towards shareholders and investors. I am sure that the company's shares, which have serious potential for growth, will become an even more interesting asset for financial investments”, said Alexey Miller, Chairman of the Board of the company.
The draft new dividend policy will have to be approved by the Gazprom Board of Directors. Gazprom shares on the Moscow Exchange are trading positive on Thursday. According to 15:25, the price per share was 252.5 rubles (+ 2.18% compared to yesterday's close).
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