Gazprom Targets Dividend Payout Equivalent to 50% of Adjusted Profit by 2021
December 13 2019 - 4:00AM
Dow Jones News
By Ian Walker
Gazprom PJSC (GAZP.RS) said Friday that it is planning to pay
50% of its adjusted net profit as dividends by 2021 and targeting
1.10 trillion Russian Rubles ($17.67 billion) of investments for
2020.
The Russian gas giant said that it will gradually increase
dividend payouts with at least 30% of adjusted net profit in 2019,
40% in 2020 and no less than 50% by 2021.
Gazprom also said that it expects borrowings for 2020 to be
RUB557.8 billion.
Both the dividend policy and budget proposal have been approved
by the management committee and will now be submitted to the board
for consideration, Gazprom said.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 13, 2019 03:45 ET (08:45 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
PJSC Gazprom (PK) (USOTC:OGZPY)
Historical Stock Chart
From Mar 2024 to Apr 2024
PJSC Gazprom (PK) (USOTC:OGZPY)
Historical Stock Chart
From Apr 2023 to Apr 2024
