Gazprom plans to pay record dividends for 2021

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AK&M 26 May 2022 19:38

Gazprom's Board of Directors recommended that shareholders decide to pay dividends for 2021 at the rate of 52.53 rubles. per share, which is a record for Gazprom and the Russian stock market. This is stated in the company's message.

Thus, the total amount of dividend payments will amount to almost 1.244 trillion rubles (50% of the adjusted net profit of Gazprom Group for 2021 according to IFRS).

The Board of Directors proposed to set the date on which the persons entitled to receive dividends are determined - July 20, 2022. The recommended date for the completion of the payment of dividends to nominee holders and professional participants of the securities market trustee registered in the register of shareholders is August 3, 2022, and to other persons registered in the register of shareholders - August 24, 2022.

At the meeting, it was decided to hold the annual meeting of shareholders of PJSC Gazprom in the form of absentee voting. The deadline for receiving ballots has been set for June 30, 2022.

PJSC Gazprom (TIN 7736050003) is the world's largest gas company. The authorized capital of Gazprom is 118.367 billion rubles. Issued 23673512900 ordinary shares with a par value of 5 rubles. The number of Gazprom shareholders in Russia and abroad is several hundred thousand. Over 50% of the company's shares are under the control of the Russian Federation. The depository of the ADR Gazprom program is The Bank of New York Mellon.

Gazprom's profit under IFRS for 2021 amounted to 2.16 trillion rubles. compared with 162.4 billion rubles a year earlier. EBITDA increased by 151% to RUB 3.68 trillion. Net revenue from gas sales increased by 85% to RUB 5.65 trillion from RUB 3.05 trillion. Net revenue from the sale of oil and gas processing products increased by 44% to 2.59 trillion rubles. Net revenue from the sale of crude oil and gas condensate increased by 81% to 882.15 billion rubles.