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Record dividends will be paid by Sberbank for the second year in a row

Record dividends will be paid by Sberbank for the second year in a row
Photo: pixabay.com

At the end of last year, Sberbank will pay out record dividends to shareholders - 422,5 billion rubles. The amount of payment for one share will be 18,7 rubles. At the end of 2019, the same figure was achieved, which is considered a record not only for Sberbank, but also for Russia as a whole.

According to the press service of Sberbank, half of this amount - 211,25 billion rubles - will go to the Russian budget and will be used to develop infrastructure and pay salaries to public sector employees.

Sberbank CEO German Gref noted that the amount of dividends paid will amount to 55,7% of the bank's net profit. Sberbank plans to comply with the stated goal of distributing surplus capital in favor of shareholders in the future while implementing the "Strategy 2023".

The main shareholder of Sberbank is the Russian Federation represented by the Ministry of Finance, which owns 50% of the authorized capital plus one voting share. At the end of 2019, the bank also paid dividends in the amount of 422,4 billion rubles (50% of net profit under IFRS) at the rate of 18,7 rubles per share. The Russian budget received 211,2 billion rubles.

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