Gazprom shares plunge 25% after dividend blocked

Financial Times LogoFinancial Times1 mo ago

Gazprom shares plunge 25% after dividend blocked

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The shareholder rejection of the payout marks the first time since 1998 the company has not paid a dividend.

The stock plunge on Thursday prompted Moscow’s stock exchange to halt trading of the group’s shares.

Gazprom’s board recommended a dividend of Rbs52.53 in May on the back of soaring gas prices, as its 2021 net profit hit an all-time high of Rbs2tn.

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Article Details

Author / Journalist: Neil Hume

Category: MarketsFinanceInvesting

Topics: Cent Company Russian Gazprom 2022 Thursday Lost Financial Dividend Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 10:53:07

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 3 minutes read

Article Length: 453 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22647

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