Moscow — Russian state gas producer Gazprom said on Thursday its dividend payout ratio was seen rising to 50% of net profit under International Financial Reporting Standards in two to three years.
Gazprom plans to approve a new dividend policy this year, Alexander Ivannikov, head of Gazprom’s financial department, told a conference call. He also said Gazprom will not take into account any ‘paper’ profit, such as foreign exchange gains, while calculating dividends.
- Reuters