At the end of 2020, Sberbank plans to again pay dividends to shareholders in the amount of 422.5 billion rubles or 18.7 rubles per share, repeating the figure of 2019. This is a record level not only for Sberbank, but also for Russia as a whole. Exactly half of this amount – 211.25 billion rubles – will go to the country’s budget. This was reported to “Lente.ru” in the press service of Sberbank.
“We feel comfortable to offer the Supervisory Board the same dividend per share that we paid at the end of 2019. This will mean the payment of 55.7 percent of our net profit,” Sberbank Chairman German Gref said in during the conference with investors. It is worth emphasizing that record dividends will be paid despite the extremely difficult “covid” 2020. And these funds, as a result, will be redistributed to social payments to the population: pensions, payments to the most vulnerable categories of citizens, expenses on medicine and education.
Sberbank plans to comply with the stated goal of distributing excess capital in favor of shareholders and on the further horizon of the implementation of the “Strategy 2023”.
At the end of 2019, the bank also paid dividends unprecedented in the history of the Russian stock market in the amount of 422.4 billion rubles, or 50 percent of net profit under IFRS at the rate of 18.7 rubles per share. At the same time, the budget of the Russian Federation, as the largest shareholder of Sberbank, received 211.2 billion rubles.