PJSC Gazprom board approves its new Dividend Policy

  • Dec 27, 2019 GMT
  • Team Kalkine

PJSC Gazprom (LON: OGZD) has announced that the board of Directors of the company have approved Gazprom's new Dividend Policy.

  • As per the company’s Board of Directors’ approved new revision of the Dividend Policy, the Dividends under IFRS will be calculated on the basis of adjusted net profit.
  • The board also decided that at least 50 per cent of the target level of payouts will have to be achieved in the next three years.
  • The company has brought high transparency in the Dividend calculation mechanism.
  • On 26th December 2019, at the time of writing, GMT 08:06 AM, OGZD shares (Level1-ADS) were trading at USD 8.21, up by 0.02 points or 0.24% against the previous day closing price.

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