The Board of Directors of Tatneft recommended to pay dividends in the amount of 6.86 rubles per ordinary and preferred share based on the results of the third quarter of 2022. This was reported by the press service of the company.

The extraordinary meeting of shareholders of the company is scheduled for December 22. The register of persons entitled to receive dividends will be closed on January 10, 2023.

Against the background of the news about dividends, Tatneft shares on the Moscow Exchange rose by 1.65% to 381.7 rubles per share by 11:04 MSC.

In early November, the company reported that its net profit in January-September amounted to 184 billion rubles according to RAS, which is 49.3% more than a year earlier. Its revenue grew by 31% to 997.4 bln rubles. According to the company’s dividend policy, at least 50% of RAS or IFRS profit is allocated for dividend payments.