Sovcomflot to pay dividends of 4.29 rubles per share – Kommersant

Sovcomflot shareholders approved the payment of dividends for 2022 in the amount of 4.29 rubles. per share. The company will allocate RUB 10.188 billion, or 50% of IFRS adjusted net profit for 2022, for payments. This was reported in press service Sovcomflot.

Nominee shareholders will receive dividend payments no later than July 19, other shareholders – no later than August 9. July 5, 2023 was determined as the closing date for the register for payments.

“Against the backdrop of continuing favorable market conditions, contributing to the high performance of the conventional tanker fleet, as well as the stable operation of the industrial segment of the company’s business, the company expects to maintain high levels of revenue and profitability in the medium term,” the company said.

In March, Sovcomflot informedthat its net profit for 2022 rose to $385.2 million, which is 11 times more than the results of 2021. The company also talked about plans to maintain a policy of paying dividends of at least 50% of IFRS net income.

On the payment of dividends by Russian companies – in the material “Kommersant” “Investors bet on dividends”.

Olesya Pavlenko