Sberbank's board recommends paying record 565 bln rbl divs

MOSCOW, Mar 17 (PRIME) -- The supervisory board of Russia's biggest lender Sberbank has recommended paying record 565 billion rubles, or 25 rubles per share, in dividends for 2022, CEO German Gref told reporters on Friday.

"We want to express gratitude to our shareholders for trust and support by an unpreceded decision – the supervisory board of the bank has recommended … the payment of record dividends in the history of Sberbank, of 565 billion rubles. This is 25 rubles per share, and a yield of about 15% annually to the price of Sberbank's shares over the last few days," Gref said.

The shareholders will consider the recommendation at an annual general meeting on April 21.

The preferred shares of the bank soared 7.17% and the common shares grew 7.6% as of 2:06 p.m. Moscow time on the Moscow Exchange.

(76.4095 rubles – U.S. $1)

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