×
Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Tatneft Dividend May Rise

Tatneft may increase dividend payments to 7.08 rubles a share after net income rose to 54.9 billion rubles ($1.89 billion) last year, Troika Dialog said.

The payout has been 30 percent of net income under Russian accounting standards for the past five years at the insistence of the Tatarstan republic's government, a "key" shareholder in the oil producer, Troika analysts wrote Wednesday in a note.

The dividend would imply a yield of 6.8 percent on preferred shares and 3.5 percent on common shares. Profit rose 45 percent from the previous year, the company said Tuesday. Local standards are not a good indicator of net income under U.S. accounting principles, the analysts said.

(Bloomberg)

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more