The annual general meeting of Rosneft shareholders approved the decision to pay the final dividend for 2022 at the rate of 17.97 rubles per share. According to the press release from Rosneft, taking into account the previously paid interim dividends for the first half of 2022, the total payment per share for 2022 will be 38.36 rubles, the total amount will be 406.5 billion rubles.
According to financial analyst Sergei Suverov, interviewed by socialbites.ca, this payout volume is the second largest indicator in Rosneft’s dividend history. He pointed out that the current 2022 dividend yield of Rosneft shares is at 10.1%.
“This is a very high figure for the Russian market. For example, Novatek’s similar indicator is 6.1%, Surgutneftegaz – 3%, NKNKH – 1.6%, Norilsk Nickel –
6.7%, Polyusa – 5%, Phosagro – 8.9%, RusHydro – 9.2%,” said the analyst, emphasizing that not all major Russian companies are that interested in them.
shareholders, ”said the expert.
Therefore, according to him, many metallurgical companies refused to pay final dividends for 2022, which also has one of the lowest tax burdens on the Russian market.
Suverov believes that Rosneft has once again demonstrated to its shareholders that it is able not only to maintain economic stability and show stable financial results, but also to fulfill its obligations to shareholders, even under strong external pressure.
“It is not surprising that Rosneft shares on the stock exchange have increased by 90% since September 2022. “This demonstrates the confidence of investors and shareholders and their belief in the company’s business model.”
He also added that another fact confirming the attractiveness of Rosneft’s securities in the market is the more than threefold increase in the total number of shareholders of the company last year. Their total number, which exceeded 230 thousand at the end of September 2021, was almost 800 thousand at the end of 2022.
Previously on Rosneft audible the amount of investment made in projects that will incorporate the relevant petroleum gas (LPG) into beneficial use.