The growth dividends of Russian companies indicating the end of the recession
Russian companies in 2017, total has paid its shareholders more than 5.3 trillion is 7% more than in 2016.
Russia is under sanctions and it is unclear how long will last this situation. Accordingly, for an unlimited period of time, Russian shares will be quoted with a political discount to the analogues from emerging markets and industrialized countries. Dividends in the current situation is the only thing that remains to minority shareholders. Often the dividend yield looks interesting even on the increase in the key rate of the Central Bank of the Russian Federation.
The growth of dividend payments that exceeds inflation, is also a good macroeconomic news, which confirms our view that the Russian economy has emerged from recession. Can you not trust the official figures, as do professional opposition and some of the “talking heads” of the economy, but against the numbers the actual payments to say something difficult.
In conclusion, it should be noted that by the end of 2018 also expect the growth of dividend payments. Dividends on shares of Russian companies will be paid in roubles, and the unique situation – the cheap ruble and expensive oil – provides a record of profits and dividend payments for shares of exporters.
The Director of analytical Department,