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Rosneft to decide on dividends for JanuaryJune before October

MOSCOW, Aug 7 (PRIME) -- Russian oil major Rosneft will decide on JanuaryJune dividends until the end of September, the company said in a presentation released on Tuesday.

The decision on payment of interim dividends for the first half of the year will be made in the third quarter of 2018, the company said.

The companys net profit amounted to 309 billion rubles in JanuaryJune, and its dividend policy encompasses paying at least 50% of the net profit in dividends no less than twice a year. The companys shareholder equity is split into 10.598 billion common shares, so the dividend payment for JanuaryJune may amount to 14.6 rubles per share.

Rosneft paid 10.48 rubles per share in dividends for 2017, including interim dividends.

The companys major shareholders include state oil and gas holding Rosneftegaz with a 50.00000001% stake, British oil giant BP with a 19.75% stake, and QHG Oil Ventures Pte. Ltd., a consortium of Swiss commodity trader Glencore and the Qatar Investment Authority, with a 19.50% stake.

(63.4975 rubles U.S. $1)


07.08.2018 14:48
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