“Rosneft” has approved the record dividend for the first half

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“Rosneft” continues to please the holders of its securities, including many ordinary Russians. Don’t forget that in 2006, the result of the IPO, shareholders have become more 100 thousand people. Besides, employees of subsidiaries, who received the papers with the privatization of the 90s, had the opportunity to exchange their shares for shares of the holding company.
Dividends for the first half of the year will make RUB of 14.58 per share. The register for dividends closes on 9 October. The dividend payout ratio on IFRS – 50%. Net profit “Rosneft” in the first half of 2018 amounted to RUB 309 billion Dividend yield at current prices is about 3%.
Speaking about the prospects for the second half of the year, it is worth saying that, according to “Alpari-Broker”, the total dividends for the year 2018 for the shares of “Rosneft” should be about 30 rubles. Respectively, the market can expect about RUB 15.4 dividends in the second half of the year.
According to the return since the IPO in ruble terms, excluding dividend payments, it looks quite decent: the IPO price was 203 rubles, now the course – 494 RUB. However, given the tragic devaluation of 2014, IPO price – $7,55, the current rate ADR $7,52, that is, about zero yield. However, the fundamental target on paper is about $10-12. The shares of “Rosneft” has room to grow.
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Alexander Razuvayev,
The Director of analytical Department,
Alpari