Gazprom cancels dividend for first time since 1998, shares dive
![]() 1402 Thursday, 30 June, 2022, 15:24 Russian gas giant Gazprom has decided not to pay dividends on last year’s results, the first time it will not pay out since 1998, sending its shares plunging 27 per cent. “The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results,” deputy chief executive Famil Sadygov said. He added that Gazprom would rather focus on Russian regional gasification, preparation for the heating season and paying increased taxes. Gazprom shares plunged by more than 27 per cent on the decision, which reversed a board recommendation to pay a dividend of 52.53 roubles per share in what would have been its biggest payout. Gazprom plans to spend 526 billion roubles (€9.6 billion) by 2025 to increase Russia’s gasification from its current level of 72 per cent. |
Elon Musk just lost his title as world’s richest person
50410.09.2025, 19:36Treasury secretary says U.S. and European Union must partner to 'collapse' Russian economy
102607.09.2025, 23:46India’s Russian oil gains wiped out by Trump’s tariffs: #Reuters
134828.08.2025, 21:00India’s Russian oil gains wiped out by Trump’s tariffs
127527.08.2025, 20:24"If Putin doesn't stop the war, we'll start an economic war" - Trump
119627.08.2025, 13:18US imposes 50% tariffs on India for buying Russian oil
113527.08.2025, 13:00Russia to implement project on navigation seals with Armenia
114926.08.2025, 17:30#FarsNews։ "Russia will supply gas to Iran through the territory of Azerbaijan"
126425.08.2025, 09:24