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Rosneft Plans to Pay Record-High Annual Dividend on Oil’s Rally

  • Board makes recommendation of 41.66 rubles a share for 2021
  • Foreign investors may face difficulties receiving the payout
Rosneft’s bumper dividend follows record earnings in 2021.

Rosneft’s bumper dividend follows record earnings in 2021.

Source: Bloomberg

Russian oil behemoth Rosneft PJSC promised record dividends on the back of soaring prices, but some foreign investors may struggle to access the payout.

The board recommended 23.63 rubles a share for the second half of 2021, bringing full-year dividends to an all-time high of 41.66 rubles. That follows an announcement last week by Russian gas giant Gazprom PJSC, which proposed its highest ever payout after benefiting from a supply crunch in Europe.