NOVATEK will allocate 136.6 billion rubles for dividends for the first half of the year.

NOVATEK shareholders approved interim dividends for the first half of the year in the amount of 45 rubles. per share. In total, the company will pay 136.6 billion rubles. The list of persons who are entitled to dividends will be compiled as of October 9.

At the end of 2021, NOVATEK approved payment dividends in the amount of 43.77 rubles. per ordinary share. Taking into account payments for the first half of the year, the total dividends amounted to 71.44 rubles. At that time, 216.9 billion rubles were allocated for dividends – 51.5% of NOVATEK’s adjusted net profit for the year.

NOVATEK shares on Mosbirzhe against the backdrop of messages about the payment of dividends decreased from 951 rubles. per share to 928 rubles, by 14:00 they won back the fall. At 14:10, the share price is 943 rubles. (-2.85% by the opening of the trading session).

Earlier, amendments to the Tax Code were submitted to the State Duma, which provide for an increase in the MET for all gas producers by redirecting income from the indexation of domestic gas tariffs to the budget. For the first time, the government also seriously discussed seizing revenues from LNG exporters, sources told Kommersant. Now the projects of NOVATEK “Yamal LNG” and “Gazprom” “Sakhalin-2” are exempted from export duties and, in fact, from the severance tax. The key problem is that both the production sharing agreement for Sakhalin-2 and the intergovernmental agreement between Russia and China on Yamal LNG prohibit worsening tax regimes.

More details – in the material “Kommersant” “Your withdrawal”.

Leonid Uvarchev