Gazprom may pay 50% of adjusted IFRS net profit in divs for С21 - 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

Gazprom may pay 50% of adjusted IFRS net profit in divs for С21

MOSCOW, Dec 12 (PRIME) -- The executive management of Russian gas giant Gazprom have approved a new dividend policy envisaging paying at least 30% of the adjusted net profit under International Financial Reporting Standards (IFRS) for 2019, at least 40% for 2020 and at least 50% for 2021 in dividends, the company said in a statement on Thursday.

The dividend policy will be submitted to the board of directors for approval.

УIn accordance with the draft new dividend policy, the net profit will be adjusted for several non-monetary items (items of income and spending unrelated to the cash flow in the reporting period),Ф Gazprom said.

The board of directors can decide on reduction of dividends if the ratio between adjusted net debt to earnings before interest, taxes, depreciation and amortization (EBITDA) exceeds 2.5. This will allow the company to retain a comfortable debt burden.Ф

Gazprom will implement the new dividend policy in its affiliates and controlled companies.


12.12.2019 15:16
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 91.7809 +0.1617 10 apr
USD 77.1657 +0.0646 10 apr
Stock Market Indices
1D 1W 1M 1Y
micex 3486.03 -0.62 18:50 09 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 222.15 -0.96 23:14 10 apr
lkoh 5937.00 -1.19 23:14 10 apr
rosn 538.30 -2.00 23:14 10 apr
sber 281.11 -0.98 23:14 10 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.8175 +0.4875 14:59 09 apr
USDTD 76.7525 -0.3100 17:44 09 apr