CEO: Surgutneftegas sees dividends for 2018 higher than for 2017 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CEO: Surgutneftegas sees dividends for 2018 higher than for 2017

MOSCOW, Jun 29 (PRIME) -- Russian oil and gas company Surgutneftegas expects its dividends for 2018 to be higher than the sum the company paid for 2017, CEO Vladimir Bogdanov said on Friday during an annual general meeting of the shareholders.

УThe level of dividends for 2018 will depend on how much money we will make. So far, our results for the first half of the year are significantly higher than we had last year. So, I think that dividends will be higher,Ф he said.

He declined to say whether the company plans to raise the shareholder value through a buyback like oil majors Rosneft and Lukoil did, but said that such a decision is for the board of directors of Surgutneftegas to make.

In May, SurgutneftegasТ board of directors recommended paying 1.38 rubles per preferred share and 0.65 rubles per common share in dividends for 2017. For 2016, the company paid 0.60 rubles per common and preferred share, or a total of 26.507 billion rubles, in dividends.

(63.2910 rubles Ц U.S. $1)


29.06.2018 09:35
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 73.4989 -0.4777 22 aug
USD 66.2630 -0.5210 22 aug
Stock Market Indices
1D 1W 1M 1Y
rtsi 1280.19 +1.23 18:50 21 aug
micex 2673.95 +0.04 18:50 21 aug
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 231.22 -0.14 18:49 21 aug
lkoh 5278.00 -0.91 18:49 21 aug
rosn 410.40 +0.61 18:49 21 aug
sber 218.62 +1.21 18:49 21 aug
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 73.7950 -0.5225 14:59 21 aug
USDTD 66.6600 -0.1050 17:44 21 aug