Russian oil giant Rosneft is planning to dole out record dividends to shareholders amid intensifying sanctions over the war in Ukraine.
Rosneft's board is recommending 23.63 rubles a share for the second half of 2021, according to a Monday notice on the where the company has a secondary listing. This brings full-year dividends to a record high of 41.66 rubles in 2021 thanks to a surge in oil prices on the back of a demand recovery on easing pandemic restrictions. As a company policy, Rosneft pays 50% of its net profit as dividends to shareholders. Shareholders will vote on the dividend recommendation on June 30, according to Rosneft's notice.
As Rosneft is a state-owned company, the Russian state would be the biggest winner from the payouts. A Russian government-owned company owns more than 40% ofIn contrast, foreign investors could face challenges getting paid.
they may sell less, I don't think so, Chinese and Indians buy massively, but they sell much more expensive, perfect move
Leadership..class
Boo!