According to the press service of Sberbank, the Supervisory Board of Sberbank recommended that the participants of the annual general meeting of shareholders, which will be held on April 21, pay a record dividend – 565 billion rubles. The company states that this decision pleased both shareholders and analysts. Experts are confident that the payment of such a large sum will not affect the stability and further development of Sberbank.
The decision, which amounts to a record dividend payment, was made possible thanks to the company’s margin of safety achieved last year “with the support and faith of shareholders and customers,” according to Sber German Gref President and Chairman of the Board. In the work and team of Sber.
“Our dividends are not only additional financial income for each private shareholder of which we have 1.5 million people, but also a significant contribution to the entire state budget,” said Gref of Germany.
The head of the company added that in the past 5 months, Sberbank shares have added more than 70% in value, and currently occupies 35% in the “people’s” portfolio of the Moscow Stock Exchange.
“Investors who believe in us during the most difficult period from spring to autumn of 2022 will get the highest possible return on their investment. We consider today’s decision of the Sberbank Supervisory Board on dividends to be an important event not only for our shareholders, but for the entire Russian stock market as a whole,” Gref stressed.
Anton Danilov-Danilyan, Chairman of the Committee for Engagement with Minority Shareholders of Sberbank, explained that we are talking about a dividend payment of 25 rubles per share.
“This is a huge amount and covers more than two years of dividends, including 2021 when the decision not to pay dividends was made. “Of course, such a decision is very important for shareholders, it shows that the bank is confident, fully overcome the consequences of last year’s difficulties, and earns enough to not only invest in development, but also pay dividends,” he said. -Danilyan added.
He emphasized that the shareholders were very satisfied with the decision of the Supervisory Board.
“The payment of this large amount will not affect Sberbank’s strategy and tactics, it still has a huge amount of resources and opportunities for development,” said the chairman of Sberbank’s minority shareholders’ engagement committee.
Analysts note that Sber’s decision was a pleasant surprise for the market – the value of Sber’s shares rose by 10% today, and the Moscow Stock Exchange index updated this year’s maximum.