Shares of “Gazprom” added more than 10% after the confirmation of dividend payments

The value of Gazprom shares on the Moscow Exchange increased by more than 11% amid the company’s confirmation of plans to pay dividends for the first half of 2022. By 16:18, Gazprom’s shares are growing by 10.58%, to 236.72 rubles. Maximum securities grew to 237.70 rubles. per share.

Earlier today, Deputy Chairman of the Board of the company Famil Sadygov said that the company would allocate a significant amount of funds to pay dividends for six months of 2022. “The total amount of dividend payments is expected to be 1.208 trillion rubles, which corresponds to 51.03 rubles. per share. Even taking into account the growth of capital expenditures, the free cash flow of the Gazprom Group will fully cover dividend payments, which is in line with our long-term principles of financial stability,”— says in a company message.

Mr. Sadigov also noted that the company’s results for the current year made it possible to avoid attracting external borrowings. However, according to him, in the second half of the year it is planned to intensify work in the credit markets. “According to the results of the year, we expect the Gazprom Group’s total debt to remain at the level of the previous year,” he added.

On August 31, the head of Gazprom, Alexei Miller confirmed the company plans to pay interim dividends for 2022. The day before, the company’s board of directors recommended paying the first-ever record interim dividend for the first half of the year in the amount of 1.2 trillion rubles. After that, the Moscow Exchange index during trading for the first time in two months exceeded the level of 2300 points, and the company’s shares showed an increase of 33%.

On the situation with the shares of Gazprom – in the publication “Kommersant” “The market anticipated Gazprom.”

Milena Kostereva