PJSC Gazprom (USOTC:OGZPY)
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2 Months : From Nov 2019 to Jan 2020
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.
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(END) Dow Jones Newswires
December 13, 2019 03:45 ET (08:45 GMT)
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