The Board of Directors of LUKOIL recommended paying dividends of 447 rubles. per share
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Board of Directors of LUKOIL (MOEX: LKOH) following the meeting, recommended paying dividends for the nine months of 2023 in the amount of 447 rubles. per ordinary share. It is proposed to set the date on which persons entitled to receive dividends are determined as December 17, 2023, reported company press service.
Also, based on the results of the meeting, the date of the annual meeting of shareholders, where the issue of payment of dividends will be considered, was determined—December 5. The meeting will be held in absentia, participants will be determined as of November 10. If there is no quorum, a repeat meeting is scheduled for December 6.
It is expected that the payment of dividends to nominal holders and professional participants registered in the register of shareholders will take place before December 28, 2023, to the rest – until January 26, 2024.
Against the background of the recommendation of the board of directors to pay dividends for the three quarters of 2023 in the amount of 447 rubles. price of LUKOIL shares on the Moscow Exchange (MOEX: MOEX) decreased by more than 2%. As of 14:45 they were trading at 7,322 rubles. (-1.55%).
At the end of 2022, the company paid dividends in the amount of 438 rubles. per share excluding interim. Interim dividends based on the results of nine months of last year amounted to 256 rubles. per one ordinary share, or 177.37 billion rubles. general payments.
According to LUKOIL’s dividend policy, dividends on the company’s shares, excluding shares owned by group organizations, amount to at least 100% of adjusted free cash flow.
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