Gazprom board of directors approves paying 50% of profit in divs

MOSCOW, Dec 24 (PRIME) -- The board of directors of Russian gas giant Gazprom has approved a dividend policy, under which the company will pay no less than 50% of the adjusted net profit under International Financial Reporting Standards (IFRS) in dividends, the company said in a statement on Tuesday.

On December 12, Gazprom’s executive management approved a new dividend policy of the company envisaging paying at least 30% of the adjusted net profit under IFRS for 2019, at least 40% for 2020 and at least 50% for 2021 in dividends.

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