The Rosneft annual general meeting approved the final dividend for 2022 at 17.97 rubles per share. Rosneft’s press release notes that when the previously paid interim dividends for the first half of 2022 are included, the total dividend per share for 2022 amounts to 38.36 rubles, with a total payout of 406.5 billion rubles.
Financial analyst Sergei Suverov commented that this payout level marks Rosneft’s second-largest dividend distribution in its history. He noted that the current 2022 dividend yield on Rosneft shares stands at about 10.1%.
“This is a notably high figure for the Russian market,” the analyst observed. He cited several peers for comparison: Novatek around 6.1%, Surgutneftegaz about 3%, NKNKH near 1.6%, Norilsk Nickel roughly 6.7%, Polyus at 5%, Phosagro about 8.9%, and RusHydro close to 9.2%. He emphasized that not every major Russian company matches Rosneft’s willingness to fund substantial shareholder returns while maintaining capital discipline.
According to Suverov, many metallurgical firms chose not to pay final dividends for 2022, a trend linked to their comparatively light tax burdens in Russia’s market environment. He suggested that Rosneft has once again demonstrated its ability to sustain economic stability and deliver solid financial results, even under significant external pressure, while honoring its commitments to shareholders.
It is not surprising that Rosneft’s stock has appreciated roughly 90% since September 2022, a signal of investor confidence in the company’s business model and long-term prospects.
Additionally, Suverov highlighted a remarkable increase in the company’s shareholder base, with the number surpassing 800 thousand by the end of 2022, up from just over 230 thousand at the end of September 2021. This growth reflects increased market participation and a broadening base of investors tracking Rosneft’s performance and capital allocation strategy.
In related strategic movements, Rosneft has disclosed substantial investments in projects aimed at integrating petroleum gas into productive use, underscoring the company’s ongoing commitment to expanding energy efficiency and value creation for its shareholders.