Minister: Number of state firms paying 50% of profit in divs to rise

MOSCOW, Mar 12 (PRIME) -- The amount of state-controlled companies that pay at least 50% of their net profit in dividends should rise until 2024, Finance Minister Anton Siluanov said on Friday at a meeting of the Federal State Property Management Agency.

“We think that the dividend policies are one of the factors of operating efficiency of a company, where the state owns a stake. We plan to raise the amount of companies that pay 50% of their profits until 2024,” he said.

In 2020, budget revenue from dividends of state-controlled companies outperformed expectations and reached 421 billion rubles, Siluanov added.

(73.4996 rubles – U.S. $1)

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