Gazprom shareholders decide not to pay dividends for 2022

Gazprom shareholders decide not to pay dividends for 2022

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At the annual general meeting, Gazprom shareholders decided not to pay dividends for 2022. About this says in a company message.

“The meeting decided not to declare or pay dividends based on the performance of PJSC”Gazprom“in 2022,” the message said.

Previously, the board of directors of the company recommended to refuse to pay dividends for the last year.

Gazprom recalled that at the end of August the company decided pay interim dividends. Then, according to the results of the first half of 2022, 1.2 trillion rubles were allocated for payment, which is a record amount for Gazprom and the entire Russian stock market, the company noted.

In accordance with its dividend policy, Gazprom pays out 50% of the company’s adjusted IFRS net income. According to reports published on May 23, Gazprom’s net profit under IFRS in 2022 decreased by 41.4% compared to 2021, to RUB 1.23 trillion, wrote “Vedomosti”.

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