“Rosneft” declared generous dividends

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Rosneft pleased with minority shareholders: the recommended dividends for the first half of 2018 in the amount of 14.58 RUB per share, which corresponds to 50% of net profit under IFRS. The total amount of funds which will be directed on payment of dividends, will amount to 154.5 billion rubles Cutoff – September 3, 2018. Compared to the first half of 2017 payments increased four times. The dividend yield to the current price is 3.4%. At the IPO price 2006 (203,25 RUB) -7,2%.
The total annual dividends for the shares of “Rosneft” should be about 30 rubles., that is, the dividend yield will be higher by about two times. Shares of “Rosneft” remain our core investment ideas on the Russian market. However, like all other papers, they remain hostages of the sanctions and political risks.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari