Gazprom May Cut Dividend as Russian Profit Falls on Weaker Ruble
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OAO Gazprom, the world’s biggest natural gas producer, said its 2014 earnings used to calculate dividends fell 70 percent because of a foreign currency loss.
Net income according to Russian accounting standards sank to 189 billion rubles from 628 billion rubles a year earlier, Gazprom said Monday in a regulatory filing. That may translate into a payout of about 2 rubles a share, compared with 7.2 rubles a year earlier as the Moscow-based company usually pays out 25 percent of domestic profit.