Gazprom Not To Pay Dividend For 2021 ...Middle East

OILPRICE - Economy
Gazprom Not To Pay Dividend For 2021
source : OILPRICE ( Middle East ) () 10
Russian state giant Gazprom's shareholders voted against dividend payments for 2021, which pushed the shares of the company down by close to 30 percent. "The shareholders decided that in the current situation it is not advisable to pay dividends based on the 2021 results," the deputy chief executive of the company, Famil Sadygov, said, as quoted by Reuters. Instead of returning cash to shareholders, the state major will prioritize the gasification of Russia, higher tax payments, and preparing for the next heating season. Meanwhile, Energy…

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