Gazprom Says Board Recommends Dividend of 15.24 Roubles/Share

The board of Russian gas giant Gazprom has recommended a dividend of 15.24 roubles per share on 2019 results, the company said on Thursday, in line with management’s proposal and down from 16.61 roubles per share the previous year.

The total dividend payout stands at 360.78 billion roubles ($5 billion), or 30% of net income, Reuters reported.

Gazprom approved a new dividend policy in December, recommending increasing dividend payments to at least 50% of net profit within three years.

The company said on Thursday that it set the record date for shareholder eligibility for the dividends at July 16, 2020.

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