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Monies Disbursed to Bonds

Major Russian corporations' boards suggest distributing over 2.03 trillion rubles in dividends, a 3% increase from the previous year. Leading financial institutions, including Sberbank, plan to disburse nearly half of this sum. Yet, under stringent monetary policy, the majority of these...

Monies Disbursed to Bonds

Get the lowdown on the latest dividend payouts from major Russian companies for 2024, with a forecasted increase of 3% over last year's total dividends. Here are the top picks:

  1. NOVATEK - Recommended dividends of RR 82.15 per share (including interim payments of RR 35.50), which translates to an estimated payout of around RR 24.6 billion (based on approximately 299.6 million shares outstanding). NOVATEK leads the pack in per-share terms.
  2. SFI Holding - Plans a total payout of RR 14.9 billion in 2024.
  3. Magnitogorsk Iron and Steel Works (MMK) - Already paid out an impressive RR 27.87 billion for H1 2024 (equivalent to RR 2.494 per share). Full-year 2024 data is yet to be confirmed.
  4. Polyus - Plans to pay RR 730 per pre-split share (RR 73 post-split), though the total payout volume remains to be seen (approximately RR 19.8 billion based on 271 million shares post-split).
  5. Rosneft - Has recommended a final 2024 dividend of RR 14.68 per share. The total payout amount depends on the number of shares outstanding (not provided in sources).

Keep in mind that these numbers are subject to changes as final shares outstanding, splits, and other factors are confirmed. Happy investing!

Worth noting, most companies are expected to finalize 2024 payouts in Q2 2025, with NOVATEK's payment deadline set for June 6, 2025. MMK's H1 2024 payout likely occurred in early 2025.

Leading companies in terms of volume payout include:

  • MMK - With RR 27.87 billion confirmed for H1, MMK tops the list.
  • SFI Holding (RR 14.9 billion) and NOVATEK (estimated RR 24.6 billion) are significant players. However, methodological differences in reporting (e.g., NOVATEK's per-share vs. SFI's total) make a direct comparison tricky.
  • Polyus re-entered dividends after a multi-year hiatus, with important but unquantified total payments.

Note: Aggregate figures across all major Russian companies are unavailable from the provided data. Crack open those piggy banks!

  1. Sberbank, a top Russian company, is also expected to announce its dividend payout for 2025.
  2. By 2025, it's forecasted that Sberbank might distribute dividends in rubles, with a possible increase of up to 3%.
  3. If Sberbank follows the trend, their 2025 dividend payout could potentially be significant, considering the payout volumes announced by other major Russian companies in 2024.
  4. With companies like NOVATEK, MMK, SFI Holding, and Rosneft already making substantial dividend payouts, a potential increase from Sberbank could attract more investors in the business sector.
Large Russian corporations' boards propose shareholders receive dividends amounting to approximately 2.03 trillion rubles, a 3% increase from the past year. A significant portion of these dividends is set to be dispensed by financial sector heavyweights spearheaded by Sberbank. Despite the stringent monetary-credit policy, it's anticipated that the majority of the payouts destined for private investors will be channeled back into bond investments, leading to minimal market excitement.
Major Russian corporations' boards endorse over 2.03 trillion rubles in dividend payouts, marking a 3% yearly increase. Financial sector heavyweights, with Sberbank at the helm, are set to disburse approximately half of this total. Despite the prevailing stringent monetary policy, a large portion of the dividends disbursed to private shareholders is expected to be channeled into bond investments, making a substantial positive market impact uncertain.
Large Russian corporate boards suggest shareholders receive a cumulative dividend of approximately 2.03 trillion rubles, representing a 3% increase from the prior year. A substantial proportion of these payouts, around 40%, will be originating from financial sector entities, chiefly Sberbank. Despite the stringent monetary policy, it's anticipated that a considerable portion of the payouts destined for private investors will be channeled towards bond investments. Hence, a substantial market uplift is not projected.

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