Merrill Lynch says RosneftТs 2017 dividends to soar to 16 rbl/shr - 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

Merrill Lynch says RosneftТs 2017 dividends to soar to 16 rbl/shr

MOSCOW, Feb 1 (PRIME) -- Russian oil major RosneftТs 2017 dividends will almost triple to 16 rubles per share from 5.98 rubles per share the company paid on 2016 results, Merrill Lynch said in a research note on Thursday.

Rosneft may pay 23.6 rubles per share in dividends for 2018 and 30 rubles in dividends for 2019. Rosneft has a strong free cash flow, and calculations of dividend payments include recent acquisitions and payments the company received from multi-industry holding Sistema, Merrill Lynch said.

Investors were worried by large prepayments done in aggressive merger and acquisition deals, but the worries have abated. Integration of international assets is going on schedule, and the assets will contribute to RosneftТs results already in 2018.

Generation of free cash flow and reduction of the balance of prepayments will allow Rosneft to start cutting its debt burden in 2018, the research note read.

State oil and gas holding Rosneftegaz holds an about 50% stake in Rosneft, BP owns 19.75%, QHG Oil Ventures Pte. Ltd. holds 19.5%. A deal to sell a 14.16% stake in Rosneft to ChinaТs CEFC has not been closed. One share belongs to the government and the rest is free float.

(56.1840 rubles Ц U.S. $1)


01.02.2018 15:56
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.6771 -0.1803 17 jul
USD 62.8129 -0.0151 17 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1378.41 -0.58 13:14 16 jul
micex 2747.33 -0.33 13:14 16 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 238.17 -0.89 12:56 16 jul
lkoh 5167.00 -0.22 12:56 16 jul
rosn 419.65 +0.30 12:56 16 jul
sber 234.01 -0.54 12:56 16 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 70.5200 -0.3700 14:59 16 jul
USDTD 62.6575 -0.5000 17:44 16 jul