Dividend calculator for Gazprom shares. Payments of dividends on Gazprom shares. List of persons eligible to receive

Today, one of the largest organizations in the field of natural gas production in our country is Gazprom. For several years, this enterprise has been carrying out not only exploration and production, but also processing and transporting resources throughout Russia and abroad. It is worth saying that Gazprom has at its disposal a huge number of shareholders, the number of which is more than half a million. If you decide to buy Gazprom shares and receive dividends, you should take this issue as seriously and very responsibly as possible.

Dividends on Gazprom shares in 2017

The number of shareholders in Gazprom increases every year, although this is not surprising. People look at the stability of the enterprise, especially since the state owns a controlling stake, and therefore is unlikely to allow such a giant to go bankrupt. Statistics show that Gazprom shares are the most attractive on the huge securities market. Inflation, as well as significant volatility of the Russian ruble, does not bode well for citizens; therefore, everyone wants to invest profitably in securities and receive good dividends.

Investment forecast

Many financial experts would agree that investing your own savings in the securities of an industrial giant is a benefit in all directions. Forecasts for increased prices for energy resources, including oil, did not materialize, but the opportunity to receive a fixed income is always present. Very often, share owners are interested in the size of dividends they can count on.

The size of dividends depends on the specific decision of the main shareholders of the company, where the total amount of profit received by the enterprise, the growth or decline in the development of society, the state of the internal and external economy and other important points are taken into account.

It is possible that shareholders will decide not to pay dividends. This may be due to the desire to invest the profit received in contracts that are beneficial for the company, which allows us to outline a trend for further comprehensive development. If this fact is present in 2017, then next year security holders will definitely be in for a pleasant surprise, and dividends will be paid in an increased amount. In general, the decision to buy Gazprom shares can be considered economically justified.

How to become a Gazprom shareholder

If you want to buy Gazprom shares and receive dividends, you need to study the primary information regarding this event. A citizen who owns a package of securities for a certain period of time can obtain the right to dividends.

There is such a thing as a dividend cut-off. It is this very important process that includes compiling the final list of shareholders who have the legal right to receive the approved amount of dividends for each unit of share. The list of names, as well as names of legal entities, is approved every year. If you are included in the register, you will definitely be paid a profit. In 2017, this procedure was carried out in July.

If an individual or legal entity owns shares on the closing date of the register, the law requires that they be paid dividends. This practice is used all over the world - owners of shares that are included in the final register of shareholders can count on receiving financial profits. It is among them that dividends are distributed.

Let's look at the situation using a specific example:

• It became known that on July 20, 2017, the register of shareholders with the legal right to receive the volumes of dividends approved by management, calculated based on the results of the financial and economic activities of the organization for 2016, was closed;
• An individual owned a block of shares in 2016, as well as in the first half of 2017. At the beginning of the second half of 2017, the owner sold it due to his circumstances;
• Another individual purchased this package, say on July 17;
• The first owner may not count on receiving dividends; they will be paid to the final buyer.

When does the registry close?

The event itself for compiling and approving the list of shareholders takes place using computer software. If you have securities at your disposal, there is no need to think or care about anything. A special program will do everything, and you will only have to plan where to spend the dividends received.

If you want to know in advance about the date of registration of the list, you will need to organize the following procedure:

• Using a computer, visit the Gazprom portal and in the material facts section, find the necessary information, namely a message about the specific date for determining the list of shareholders;
• In 2017, the list approval date was set at July 20;

IMPORTANT. Securities should be purchased two business days before the above date; compiling the register requires some time.

According to the established rule, Gazprom pays dividends once a year, so the question of when dividends for 2017 will be paid can be answered unambiguously - next year, after the general meeting procedure and approval of the register.

Dividend amount

Undoubtedly, all potential buyers of Gazprom shares are interested in the size of dividends that the company will pay to shareholders. This information can be obtained from your broker or on the company’s website. For example, in 2016, dividends to shareholders were paid in the amount of 8 rubles, but whether this is a lot or a little. From the current share price, this is about 4%.

Gazprom is one of the few organizations characterized by positive growth dynamics, stability, and regular dividend payments to shareholders.

How and where to make a profit

Owners of Gazprom shares receive financial bonuses for two months. Let us remind you that this period is approved by the government of the country at the legislative level, and for all companies without exception. Typically, Gazprom carries out this activity much faster, without spending even two weeks on it from the moment of compilation and registration of the main register of shareholders.

The money is transferred by the company's accounting department to the brokerage account to which the purchased shares are attached. Brokers, according to agreements reached in advance with the owner of securities, credit funds to the current accounts of the ultimate owners.

How can I buy securities?

It is not difficult to acquire a package of securities. Any share represents property that the owner has the right to dispose of without violating established legal requirements at his own discretion.

If you do not have experience and knowledge of all the legal intricacies of such an operation, you should take professional help from specialists working in the securities market. Services of this nature will be provided by investment organizations or private commercial banks. Shares can be purchased or sold at Gazprombank branches and on the stock exchange.

IMPORTANT. You should know that Gazprom does not sell or buy back its own shares. This procedure is implemented by the broker.

Securities can be purchased not only as a complete package, but also in parts. The seller should be aware that the financial income received from the sale of shares is subject to tax, so dividends will be paid to you minus fiscal payments.

Data on securities quotations are presented on many Russian stock exchanges, as well as on international financial trading platforms. The information is located on the official Gazprom Internet resource, access to which is provided around the clock.

The company's dynamics show that a significant increase in share prices was observed in 2005. Then, in 2008, they gave about 375 rubles per share, and by the end of the year, their price collapsed and amounted to 80 rubles. Yes, the period of crisis that many business people remember brought with it a crushing collapse of more than 75 percent. Further, the next year the price increased by 40 percent, and at the beginning of 2011, they gave up to 200 rubles per share. The price has now balanced and represents an excellent chance to buy shares at a similar price.

Conclusion

In 2017, the company is actively expanding, setting up new production facilities, opening transport corridors, and is also intensively developing offshore fields. The company's economic forecast is stable. You can buy Gazprom shares and receive dividends through any broker. Analyze current quotes, listen to professional brokers and you will probably be able to significantly improve your financial situation by receiving dividends.

Investors are just as important market participants as smaller traders. Conceptually, their approach to analyzing the value of a company differs in many ways from the canonical one used by hedge funds. For example, a decision to invest one’s own funds can be made based on the forecast of Gazprom’s dividends and the prospects for interest payments in the coming years.

Let's consider what the owners promise investors and how much their words correspond to reality.

How the rate on Gazprom dividends is formed in 2017

In recent years, the gas magnate refused to link the value of dividends to the price of quotes, instead Gazprom uses a net profit formula for the reporting period. However, in reality, the amount of dividends paid for each share is strictly set by the board of directors, and under certain circumstances may differ significantly from the calculated data.

In particular, for the previous reporting period (2016), the recommended amount for payment of dividends on ordinary shares of Gazprom was 8 Russian rubles, which, given the current price of shares on the market of 120 rubles, is 6.5%.

For comparison, in the pre-crisis period, despite the lower price of quotes, dividends were close to 9.5% in relation to share prices.

This percentage reduction in the company's payouts causes great concern among investors. After all, this means that the reserve funds from the net profit of Gazprom’s assets have decreased. To make the value more clear, consider the ratio of dividends to share price for the entire period of existence of the Gazprom company.

Gazprom dividend schedule by year

Important changes to the payment mix . Based on expert forecasts, Gazprom has about 236.6 million working capital. If we take the weighted average percentage of payments in total over recent years (since 2009), the gas production magnate has paid out a total of 135 million rubles to holders of ordinary shares, and approximately 45% of this amount to holders of preferred shares.

Taking into account the presence of a controlling stake in the hands of the corporation of directors, most of the amount remained within the company's capitalization, which made it possible to progress in the pre-crisis period.

Will Gazprom fulfill its dividend obligations?

Despite expert forecasts regarding a further fall in the cost of Russian gas, we we can predict an increase in dividend payments due to several factors.

1. High inflation rate due to the general weakening of the ruble. If we consider this factor soberly, then in dollars the amount of payments to Gazprom may even decrease, but when considering the percentage in national currency, the amount will increase.
2. General strengthening of the company, due to the payback of new gas channels not conducted through politically unstable Ukraine.

Overall, at the end of 2017, the board of directors at Gazprom promises its investors up to 7% in relation to share prices, unless there are big changes caused by political repression and gas pullback from the countries of Eastern Europe. Analysts' forecasts in this regard are more pessimistic - only 5%.

What risks may Gazprom management face in 2017?

While investors have a generally positive outlook for the company, there are several important factors, each of which can affect the forecast and calculation of Gazprom’s annual payments in 2017.

1. Unprofitable projects. In particular, we are talking about new gas channels, which can begin to function only by the 3rd quarter of 2018, with estimated data for the 4th quarter of 2017. In this case, the company expects a large outflow of investment funds, which will lead to a decrease in stock prices and, accordingly, net profit, on the basis of which the company’s annual rate of return is calculated.
2. Strengthening oil. The second factor that could significantly reduce the amount of dividends paid in Gazprom during 2017 is a significant strengthening of oil. After the settlement of conflicts in the east, thanks to the efforts of D. Trump and the US military, oil stabilized for the first time in the last 2 years, showing a minimum, and as a result became again a reliable asset for investors.
3. The transition of European countries to alternative energy sources may reduce the level of consumption of Russian Gas, thereby reducing profits at the overall rate of production and, as a consequence, reducing the size of payments by the company to its investors.

Conclusions

Unfortunately, good dividends that are offered according to upcoming forecasts do not always realistically reflect the state of affairs. In order to retain their main investors, managers overestimate the profitability of payments, thereby confusing the forecasts and calculations of experts.

The importance of dividends in investing is an entire branch of economics that is fundamentally different from the analysis of quotes. After all, when making decisions and forecasts, both short-term and long-term prospects are taken into account. And most importantly, quite often, dividends can compensate for sharp stock movements and incorrect forecasts. Regardless of whether you use the Graham and Biggs criteria for valuing and forecasting an enterprise, or forecasting Gazprom quotes, you must take into account all pricing factors.

In any case, it is possible to make forecasts until the end of 2017 only after the new quarterly IFRS report on the company’s profitability.

There are two ways to make money by buying/selling shares of OAO Gazprom:

• receive income from changes in share price and/or
• receive dividends (in case of purchasing shares)

Examples of growth in the value of shares of OJSC Gazprom

• 25% for the period 04/15/2014 - 06/30/2014 (2 months)
• 28% for the period 12/30/2014 - 02/30/2015 (2 months)
• 17.7% for the period 03/27/15 - 04/21/15 (24 days)
• 17% for the period 09/29/15-11/23/15 (56 days)
• 20% for the period 01/18/2016 - 03/18/2016 (2 months)

Below is a chart of Gazprom stock prices. You can find out the price of securities today online in the SmartX program.

How to buy shares of OJSC Gazprom

General algorithm

Open a brokerage account → Deposit at least 50,000 rubles into the account. → Buy shares of OJSC Gazprom → Monitor changes in share prices

Securities of OJSC Gazprom are traded on various exchanges

• On the Moscow Exchange shares of OJSC Gazprom
• On the London Exchange you can purchase depositary receipts (ADR) of OJSC Gazprom

In order for an individual to buy shares in OJSC Gazprom, they need to open a brokerage account with a licensed broker, for example, ITI Capital. A brokerage account will allow you to make transactions on the stock exchange, and the purchased shares will be stored in a depository.

An open brokerage account with ITI Capital will also allow you to buy and sell securities of other large Russian and international companies.

Purchasing shares of OAO Gazprom provides individuals with the right to receive company dividends, because you become a shareholder of the company.

Not all shareholders receive dividends on shares of OAO Gazprom, but only those who owned shares on a specific date of fixation of the shareholder register.

Dividends on shares of OAO Gazprom by year

How many dividends does one share of OAO Gazprom bring in today?

From 2012 to 2014, the average payment of dividends on shares of OAO Gazprom was 2-3% per annum. The deadline for paying dividends on shares of OAO Gazprom is two to three months after the decision of the board of directors on their payment is made. The dividend yield on shares of OAO Gazprom for 2014 was 5.5%.

Dividends on shares of OJSC Gazprom for 2014

The Management Board recommended approving dividends on shares of OJSC Gazprom for 2014 at the rate of 7.2 rubles per share. The Board of Directors was asked to allocate 90.2% of net profit for the payment of dividends. In 2014, the company's net profit amounted to 188,980 million rubles, with revenue of 5,589,811 million. 170,449 million rubles were allocated for dividend payments in 2014.

Dividends on shares of OJSC Gazprom for 2015

The decision on the payment of dividends to OJSC Gazprom will take place approximately in May 2016.

Profit from investment

A common method of making a profit on an investment is to purchase shares at a lower price and sell them at a higher price. Investors, when buying shares, are guided not by the possible size of dividends, but by the growth in the value of the shares.

About the issuer OJSC Gazprom

OJSC Gazprom is one of the world's largest energy companies. It is engaged in geological exploration, production, transportation, storage, processing and sales of gas, oil and gas condensate. Produces and sells electricity and heat. The share of OAO Gazprom gas in world reserves is 18%, in Russian reserves - 70%.

The company owns the world's largest gas transportation network. Its length is over 168 thousand km. OJSC Gazprom supplies gas to more than 30 countries of the near and far abroad. The company's goal is to ensure reliable and uninterrupted gas supply, development, increased efficiency and the use of scientific and technical potential.

Shares of OAO Gazprom are the most liquid instrument on the stock market in Russia. Owners can receive dividends on shares of OAO Gazprom within two months after the board of directors makes a decision to issue them.

Currently, Gazprom is not only the leader of the domestic mining industry, but also the largest gas company on the globe. It controls 17% of all explored and produced gas volumes. In Russia it owns more than 70% of gas deposits.

As a joint stock company, Gazprom is largely owned by state organizations. So, of the total number of shares, 50.26% are in the hands of state-owned enterprises, including:

• Rosimushchestvo – 38.4%;
• Rosneftegaz – 10.97%;
• Rosgazification – 0.89%.

The remaining shares are owned by individuals and other companies.

Thus, when a company accrues dividends, a significant part of them replenishes the budget, so the state is directly interested in steadily growing amounts of payments. In 2016, 0.7% of state budget revenues came from dividends from Gazprom (about 95 billion rubles).

Despite the decrease in gas prices, the enterprise’s activities still remain profitable in many respects:

• Total production, which has been declining annually since 2011, in 2016 increased by 1 billion cubic meters compared to 2015 and amounted to 419 billion cubic meters;
• The company's cash revenue is constantly growing and in 2016 it received 6,111 billion rubles (38 billion more than in the previous year);
• Sales volumes abroad are also increasing. In 2016 - 228 billion cubic meters, in 2015 - 184;
• Despite the fact that the company actively invests in production and other purposes, cash flow in 2016 exceeded 200 billion rubles.

Gazprom is not a closed joint stock company; its shares are publicly traded and available to the majority of the population.

How to receive dividends on Gazprom shares?

To become a shareholder of Gazprom and obtain the right to dividends, you must open a brokerage account and authorize the purchase of Gazprom shares for a certain amount. This service is provided by Gazprombank and a number of other banks and brokerage houses.

The minimum acquisition package is 10 shares. In addition, each organization has additional conditions, for example:

• a minimum monetary threshold has been established for opening an account;
• There is a differentiated account servicing fee.

You can receive dividends in various ways:

• purchase shares and hold them for several years;
• purchase securities before closing the Register of Shareholders, and after receiving dividends, sell them again to free up funds.

Unlike the banking system, in which interest is calculated based on the number of days of deposit, dividend payments are made to everyone who is a shareholder on a given date.

Every year the company publishes on its website the date on which the list of shareholders is scheduled to be fixed, and those interested can buy shares in advance (no later than 2 days before the specified date).

The profitability of short-term ownership is actually not so obvious, since before day “X” their value rises, and after that it sharply falls for some time. This effect is called the dividend gap. No one can guarantee that the decrease in value will be less than the dividends received.

Share price today

The value of any securities constantly fluctuates within certain limits in a stable situation, or jumps sharply under the influence of various political or economic events. At the time of the first issue of shares in 1998, they were valued on the market at 3 rubles 59 kopecks per share.

Currently, the cost of one Gazprom share is between 135 and 136 rubles. Around the closing date of the register in 2017, for two months the price fluctuated from 112 rubles to 132 rubles. Over the past years, the market price has been set in the range from 130 to 160 rubles.

The attractiveness of Gazprom shares lies in their high turnover, i.e. they are easy to sell at any time and get your investment back. This is better than bank deposits, which are concluded for a certain period.

Gazprom securities bring stable income to their holders in the form of dividends. The average return is about 6 percent per year.

Amount of dividends on Gazprom shares

Every year, a meeting of Gazprom management decides on the payment of dividends and determines a fixed payment amount for each share.

• Based on the results of 1994, 2 kopecks were paid;
• At the end of 2016, 8.04 rubles were accrued.

The company's policy on this issue is to increase payments annually. Over the 24 years of the joint-stock company’s existence, the policy was violated several times:

• in 1998, the enterprise operated at a loss and no dividends were accrued;
• A slight decrease occurred in 2002, when the rate was set at 40 kopecks compared to 44 kopecks in the previous 2001;
• A sharp drop was recorded in 2008, when, due to the crisis, 36 kopecks were accrued per share, despite the fact that in 2007 there were 2.66 rubles;
• In 2012, payments were reduced to 5.99 rubles (in 2011 – 8.97 rubles)
• In 2014, the amount did not increase, and 7 rubles 20 kopecks were paid, the same as in 2013.

It is expected that in 2018 the size of dividends will exceed the maximum of 2011 and go beyond 9 rubles.

Depending on the accounting system, the company pays in the form of dividends:

• about 20% of the amounts that are net profit according to IFRS;
• approximately 50% of the adjustment to net profit under RAS.

The state is closely monitoring that Gazprom adheres to a stable policy in the area of ​​profit distribution.

The dividend yield of a stock is the ratio of the amount of dividends to the share price. Its level is influenced by two processes:

• an increase in the amount of dividends increases profitability;
• An increase in share price leads to a decrease in profitability.

Over the past 10 years, profitability has fluctuated within:

• from 0.21% based on the results of 2008,
• up to 6.48% based on the results of 2016.

Despite the fact that high dividends of 8.97 rubles were paid in 2012, the actual yield was 5.44%, since the share price this year was 165 rubles.

The holding, despite the growth of the investment program, will maintain dividends at the level of 8 rubles in the next two years. per share

Moscow. November 28. website - Gazprom, in discussions about the size of dividends with its shareholders and the main shareholder - the budget of the Russian Federation - put a trump card on the table - in advance, for the year indicating its peak investments in 2019 - 1.4 trillion rubles. This means freezing dividends for the next two years. The statement on speeding up investments was made by Gazprom Chairman of the Board Alexei Miller on Tuesday at a meeting with Russian President Vladimir Putin.

China - gas

“In 2018, the volume of investments will be 1 trillion 280 billion, and in 2019 - 1 trillion 400 billion. This is due, Vladimir Vladimirovich, you know, with the peak of investment needs for the implementation of our most important strategic projects. At the same time, these projects have a deadline completion - the end of 2019. These are the supply of gas to China via the eastern route, the Power of Siberia gas pipeline, the development of the Chayandinskoye field, the construction of the Amur gas processing plant, the commissioning of the Turkish Stream gas pipeline at the end of 2019 and the creation of gas transmission capacities in the northern one. corridor, in the north-west of Russia for the removal of gas from Yamal for consumers in the Russian Federation and for export supplies via Nord Stream,” said A. Miller.

“In this way, over the next two years, Gazprom will fully fulfill its obligations regarding major, strategically important investment projects, fulfill its obligations to suppliers domestically and abroad regarding gas supplies and, of course, ensure the passage of the autumn-winter maximum,” - added the manager of the state-owned company.

Shareholders - eight rubles

Gazprom management adheres to the position of freezing dividend payments in the face of growing investment. The company has already switched from payments based on the dividend policy (based on the financial result) to dividend guarantees (that is, the promised amount actually does not depend on what will be in the reporting, especially since the profit there, as was said this year, is mainly "paper").

The government is trying to force state-owned companies to pay dividends out of the norm of 50% of net profit according to IFRS, but each state holding finds arguments for an individual decision regarding itself. The Ministry of Finance budgeted for 2018 Gazprom's dividends for 2017 at 14.32 rubles per share, for 2018 (2019 income) - 15.62 rubles per share. After Gazprom once again agrees on a symbolic increase in dividends, the Ministry of Finance almost automatically raises the mineral extraction tax (MET) rate for Gazprom. From A. Miller's words it follows that the company's management is ready to pay only 8.04 rubles per share in the future (in total - 190 billion rubles).

“Although the company’s investments will grow in the next two years, we will absolutely maintain a balanced dividend policy. The volume of dividend payments currently amounts to more than 190 billion rubles. And, despite the growth of Gazprom’s investment program, in the near future dividend payments will remain at that at the same level - 190 billion rubles.

Miller noted that investments in 2019 will be peak. However, not all of the announced projects will be completed in 2019 and from 2020 they will begin to bring Gazprom shareholders the same deferred income that they have been waiting for throughout the implementation of Gazprom’s mega-constructions. For example, only the first stage of the Amur Gas Processing Plant (which is actually planned to be built on the principles of project financing - that is, at the expense of banks), which costs 0.95 trillion rubles, will start operating only in 2021.

Bankers - interest

In the 2018 budget, with investments of 1.28 trillion rubles, a record 33% will be provided by external borrowings (a record 417 billion rubles).

Gazprom draws up its budget and investment program based on rather conservative estimates of the macro forecast of the Ministry of Economic Development. This gives reason to believe that the share of external loans in the 2019 budget will jump even higher.

Bankers and financiers should be very happy about this. This means that Gazprom will continue to delight the market with new transactions in the Eurobond and organized loan markets.

Gazprom's investments could be much smaller if it were possible and if it is possible to organize project financing for Nord Stream 2, Turkish Stream, and the Amur Gas Processing Plant. In the meantime, all these projects are being implemented exclusively through the PJSC’s investment program.

Peak investments and Gazprom's need for borrowed funds are possible only if the concern maintains access to global capital markets, which makes the monopoly hostage to geopolitical risks.

However, Gazprom itself, in a recent report, warned investors that not all the risks of American sanctions have been studied and will largely depend on the implementation of the new CAATSA law (Countering America's Adversaries Through Sanctions Act).

Autumn - warm

From Miller’s words it follows that the warm autumn of this year slightly slowed down the growth of production indicators towards the end of the annual marathon, but exports will still set a new historical record, and production will show a noticeable increase from the lows of recent years.

At the end of 2017, Gazprom expects to set an absolute record for gas supplies for export - 192 billion cubic meters. Gas production is expected to reach 470 billion cubic meters after 419 billion cubic meters. m in 2016. The announced figures (if they do not contain strong rounding) allow for some reduction in Gazprom’s gas production in November or December relative to the same months of 2016. This November turned out to be very warm in Russia: the average temperature across the country was about 5 degrees higher than a year ago.

Since the beginning of the year, Gazprom's exports have grown for 9 months in a row; in October, exports decreased by 6% due to warm weather and the continued injection of gas into European storage facilities; in November (as Interfax calculations show), exports returned to growth (within 1%). The supply forecast for the year announced by Miller implies exports in December approximately at the level of last year’s result.

“We expect that in 2017 Gazprom will produce 470 billion cubic meters of gas. This is more than 50 billion more than in 2016. The growth is more than 13 percent. At the same time, at the end of the year, Gazprom’s production capacity will amount to more than 550 billion cubic meters of gas. In 2017, Gazprom will supply 5 billion cubic meters more to consumers in the domestic market. These are consumers in such industries as electric power, metallurgy, agricultural chemistry, and the cement industry,” Miller said.

“As for exports, if the trend that we have observed over the past 11 months continues, and we supplied 13.5 billion cubic meters of gas for export compared to the same period in 2016, then Gazprom will set an absolute record for supplies at the end of 2017 gas exported over its entire history - 192 billion cubic meters of gas,” added the head of Gazprom.