| Registry closing date | Payment date | Dividend (RUB) | % arrived |
|---|---|---|---|
| 07/18/2020 (forecast) | 12.08.2020 | 19.77 | 36.00% |
| 18.07.2019 | 26.07.2019 | 16.61 | 0.00% |
| 19.07.2018 | 01.08.2018 | 8.04 | 0.00% |
| 20.07.2017 | 01.08.2017 | 8.04 | 0.00% |
| 20.07.2016 | 01.08.2016 | 7.89 | 0.00% |
| 16.07.2015 | 01.08.2015 | 7.20 | 0.00% |
| 17.07.2014 | 01.08.2014 | 7.20 | 0.00% |
| 13.05.2013 | 01.08.2013 | 5.99 | 0.00% |
| 10.05.2012 | 01.08.2012 | 8.97 | 0.00% |
| 12.05.2011 | 01.06.2011 | 3.85 | 0.00% |
| 07.05.2010 | 01.06.2010 | 2.39 | 0.00% |
| 08.05.2009 | 01.06.2009 | 0.36 | 0.00% |
| 08.05.2008 | 01.08.2008 | 2.66 | 0.00% |
| 11.05.2007 | 01.07.2007 | 2.54 | 0.00% |
| 12.05.2006 | 01.07.2006 | 1.50 | 0.00% |
| 06.05.2005 | 01.07.2005 | 1.19 | 0.00% |
| 07.05.2004 | 01.07.2004 | 0.69 | 0.00% |
| 21.02.2003 | 01.06.2003 | 0.40 | 4.99% |
| 13.05.2002 | 01.06.2002 | 0.44 | 30.18% |
| 04.05.2001 | 01.12.2001 | 0.23 | 36.64% |
Cumulative dividend payments by year, Gazprom shares
| Year | Dividend (RUB) | Change to previous year |
|---|---|---|
| Next 12 months (forecast) | 19.77 | 19.02% |
| 2019 | 16.61 | 106.59% |
| 2018 | 8.04 | 0.00% |
| 2017 | 8.04 | 1.90% |
| 2016 | 7.89 | 9.58% |
| 2015 | 7.20 | 0.00% |
| 2014 | 7.20 | 20.20% |
| 2013 | 5.99 | -33.22% |
| 2012 | 8.97 | 132.99% |
| 2011 | 3.85 | 61.09% |
| 2010 | 2.39 | 563.89% |
| 2009 | 0.36 | -86.47% |
| 2008 | 2.66 | 4.72% |
| 2007 | 2.54 | 69.33% |
| 2006 | 1.50 | 26.05% |
| 2005 | 1.19 | 72.46% |
| 2004 | 0.69 | 0.00% |
| 2003 | 0.40 | 0.00% |
| 2002 | 0.44 | 0.00% |
| 2001 | 0.23 | 0.00% |
Comments on Gazprom's profitability
According to the dividend policy, deductions for dividend payments amount to 10% of profit under RAS. Upon reaching the target level of reserves - from 17.5% to 35% of profit. Previously, they paid 25% of net profit under RAS, which, as a rule, was less than profit under IFRS. In recent years, they have been paying dividends at the level of 8.04 rubles per share, without increasing it due to a large-scale investment program. At the end of 2018, management announced its readiness to increase dividends to double digits. At first, the board proposed dividends in the amount of 10.43 rubles per share, then the recommendation was raised to 16.6 rubles per share. The Board of Directors approved the recommendation. By the end of 2019, they promise to develop a new divisional policy: within three years they plan to reach payments of 50% of profit adjusted for non-monetary items under IFRS. Dividends will not be tied to the absolute values of the previous year. At the end of 2020, dividends will be paid based on the new policy.
The last payment of dividends on shares of Gazprom PJSC amounted to 16.61 rubles. (0.00% of Gazprom PJSC profit). The last date for payment of dividends is 07/26/2019, following the last closing date of the register of 07/18/2019. The next dividend payment date on Gazprom PJSC shares is 08/12/2020, which will follow the register closing date (forecast) on 07/18/2020. According to the forecast, the total annual dividend payments on Gazprom PJSC shares in the next 12 months will amount to RUB 19.77. per share. (change from last year is 19.02%). Country of registration of Gazprom PJSC: Russia. Sector and industry - Integrated oil and gas industry, Energy.
Gazprom dividends for 2017 - latest news
During the meeting of shareholders of PJSC Gazprom, a decision was made to approve the amount of dividends for 2017. During this period, the gas monopolist allocated 190 billion rubles, which is 26.6% of net profit.
Each shareholder of the gas monopolist receives a little more than 8 rubles per share. The income from this is 6%. This is not a large profit margin, since in other large companies you can earn up to 9%.
Payment of dividends on Gazprom shares in 2018
PJSC Gazprom is the latest energy corporation to confirm its earnings for 2017. The register of shareholders will be closed by the gas monopolist on July 19, which allows until July 17 to buy its shares in order to make a profit from this transaction. Most of Gazprom's revenue goes to larger projects.
Based on the final results for 2017, Gazprom paid fewer dividends than established by the Ministry of Finance. According to these recommendations, state-owned companies are required to give shareholders no less than half of all profits. The gas monopolist is the only object for which an exception has been made for the second year.
To compensate for Gazprom's lack of income, the government proposed increasing taxes on the company. The way out of this situation was to increase the coefficient when calculating taxation on mineral extraction from September 1 to December 3, 2018. Thanks to this, another 72 billion rubles will flow into the Russian budget. Such measures were already applied last year.
What will Gazprom's dividends be for 2018-2019? Forecast
According to Timur Nigmatulin, an analyst at the Russian financial group Otkritie Broker, one should not expect a significant increase in dividends due to an increase in the volume of the investment program in 2018-2019. This year the company will repay only 15.2 billion rubles, and in 2019, 8.4 billion dollars of debt. Improvements can only begin in 2020, when the construction of the Power of Siberia and Turkish Stream is completed.
According to Alexander Pavlov, General Director of Petersburg-Invest JSC, given the weak development on the market, buying Gazprom shares to make a profit is quite an interesting idea.
Previously, the Ministry of Finance of the Russian Federation stated that a number of companies that own a share from the state may switch to paying interim dividends based on quarterly and half-year results.
Gazprom is one of the largest joint-stock companies in Russia, responsible for 11% of global and 66% of Russian gas production. Most of the companies' shares belong to the state. One share costs 5 rubles, and on July 2, one share cost 142.53 rubles on the stock exchange.
Hello, dear friends! In previous materials, we examined in detail investments in company shares. Attentive readers will remember that at the same time I spoke about such a concept as dividends. I noted that not everyone pays them, but this good source of additional income. Today we’ll talk in more detail about how to receive dividends on shares and understand all the subtleties associated with this.
Looking ahead, I note that this type of income should be considered as addition to profits received from rising share prices. It is important to maintain a balance and select assets so that the annual payment of “divas” does not lead to a slowdown in the growth of the value of the company’s securities. Otherwise, your profit will grow more slowly.
What are dividends
It's more convenient to consider on a specific example:
- Imagine that you are the owner of a company that leases equipment;
- Based on the results of a certain period, it was recorded net profit of $100 million. You originally stated in the documentation that at least 10% from net proceeds is used to pay dividends to shareholders;
- You can use at least the entire $100 million to pay, but in this case there will be nothing left for the development and modernization of the enterprise. You can limit yourself to the minimum $10 million or, on your own initiative, pay $20-$30 million;
- If the money had not been paid, then you would have used the proceeds to develop the enterprise, purchase new equipment, and buy back shares. If this path is chosen, then the remaining net income decreases abruptly.
In simple words, dividends can be called a part of the profit that the company is willing to pay to paper holders. It doesn’t matter when you purchased the shares, the main thing is that by the cutoff time ( closing the register) they were in your property. The conditions for payment, in particular, what share of the proceeds the company will allocate to reward shareholders, are indicated on the official websites. 
Higher - example dividend policy from Lukoil. There are also more complex calculation methods, when the amount of payment is tied to various financial indicators of the company.
The payment of “divas” is a decision of the company itself. There is no law that would require her to do this. Feasibility depends on the specific situation:
- For example, if a business is at its peak and there is no need for additional investment, it makes sense to pay dividends to increase shareholder loyalty. Sprinkling funds into new areas will not produce results;
- If a new promising direction is being developed, it is more advisable not to pay dividends and direct all efforts to development and consolidation in the new area.
These are simple examples. I cited them for a better understanding of the fact that it is impossible to say unequivocally about the harm or positive impact of payments on the development of the company.
The video below is a good analysis of the features of shares on which dividends are paid.
What is dividend yield and how do payments change by year?
When asking how to calculate dividends, it is more convenient to use an indicator in the form payout-to-share ratio at the time of cutoff. We get the number as a percentage. It is convenient to navigate when assessing the profitability of securities. 
The dynamics of changes in dividend yield can be tracked either on specialized websites (we’ll talk about them later) or on the portals of the companies themselves. The figure above shows the change in the company's dividend yield over the past 3 years.
For example, only in circulation 1 million shares, and the company decided to use it to pay $10 million. This means that for each paper there is $10 that its owner will receive. If the value of the share itself at the time of the cutoff was equal to $100, then the dividend yield will be 10% .
Payment of dividends on shares may differ from year to year depending on financial results:
And don't forget that there are many companies that don't pay dividends at all. They use all the money they earn for development. This approach also has a right to exist.
Dates an investor should know
This critical point, I will dwell on it in more detail. First, let's look at the main dates:
- Registration closing date– shares are often bought and sold, not everyone buys them and keeps them for years. A certain date is set, and those who were the owners of the company's securities by that day will receive dividends. Those who purchased shares even a day later will be able to receive payments only in the next reporting period;
- Cut off date– the day after which buyers of shares lose the right to receive dividends.
At the moment, trading in Russia is conducted according to the scheme T+2. That is, if you conclude a deal to buy securities, for example, on Monday, then you will actually become their owner only on Wednesday. Newbies often fall into this trap:
In order not to keep the payment deadline in mind, calendars specifically indicate the dates when securities can be purchased with the expectation of receiving dividends. In the figure above, I have highlighted a couple of examples where the gap between the cut-off date and the day the register is closed is more than 2 days. This is due to the fact that the purchase day falls on either Thursday or Friday. In this case, by the deadline is added 2 more days off.
Until September 2, 2013, trading was conducted in the T0 order book, that is, there was no time gap between the date of the transaction and the delivery of securities to the buyer. Cup T0 was closed on the MICEX that day.
The transition was gradual, from March 25 of that year TOP 15 securities were traded immediately in glasses T0, T+2. From July 8 the list was expanded to TOP 30 papers In the fall, trading finally switched to T+2 mode. 
In the USA, by the way, trade is conducted in a similar mode. You can verify this by going to the calendar of any American exchange and looking at the cut-off and closure dates of the register. The picture above shows the dividend calendar from nasdaq.com. It is clear that the gap between Ex-Dividend Date And Record Date- 1 day.
Under Ex-Dividend Date refers to the day of trading when the rights to receive dividends are still held by the seller. That is, you need to buy the day before this date. 
The picture is the same in Europe. We are convinced of this by studying the terms of dividend payments indicated on the website of the London Stock Exchange.
There is one more minor difference in the payment procedure adopted in Russia and in other markets:
- In the Russian Federation dividends are transferred to persons entitled to receive them no later than 25 days from the date of closure of the register;
- In Europe and USA this period is equal to 30 days.
Dividend payment and share price
I already said above that dividends are accrued to all those who owned the company’s securities by the cut-off date. It is logical that by this date there is serious interest in the securities, more and more buyers appear, their the cost is rising.
But after the cut-off date there are no buyers, and there is a drop in quotes. Let's look at an example Severstal:
It looks impressive, but the percentage decline was not so catastrophic. The share price fell by 6,67% . Over time, recovery occurs. Knowing this pattern, you can develop a pair strategies:
For those who actively trade in both directions, I recommend Always consider closing date of the register of owners and cut-off day. In the question of when you can sell shares to receive dividends, this is the only strict condition.
Methods of receiving dividends and their types
Let's briefly go through the classification.
Types
Dividends are:
- Intermediate– those that are distributed before the end of the financial year;
- Final– paid after the end of this period.
Depending on what exactly is the remuneration paid?, highlight:
- Cash- the most common type. Shareholders receive remuneration in foreign currency;
- Property– instead of money, payment occurs in shares of the same company. This is stipulated in the company's dividend policy.
By timing stand out:
- Annual pay;
- Quarterly;
- Periodically semiannually, 9 months.
The division can also be made depending on on schedule or not money paid:
- Regular– distributed according to schedule;
- Unscheduled or additional– occasionally companies, in the case of particularly good results and the formation of excess funds, pay money outside the established schedule;
- Liquidation– if the company ceases to exist, all the money that can be raised from the sale of property is distributed among the shareholders.
Methods of obtaining
As for How dividends are paid by Russian companies (and all others too), then the following options are available:
- If you work through a broker, then they will be enrolled to your account. Conveniently, in this case the company will immediately deduct the tax; you will need to wait several weeks for the funds to arrive;
- You can get money through a bank branch, to a card account and even by post. In this case, you will have to think about taxes yourself.
Immediately after the cut-off date has passed, you will not receive the money. This takes up to 25 days, usually you have to wait 2-3 weeks.
Websites useful for investors
I think so far everything doesn’t look particularly complicated, but the question remains: where to get information on companies paying dividends, when payment occurs and other nuances. Below I will provide a selection of sites useful for investors; I recommend adding them to your bookmarks.
Follow this link
The calendar is available on investing.com. The dividend cut-off is not indicated, but the date ex-dividend(what this is is discussed above). Information is also displayed on the type of payment, the date when it will happen and what income is expected. 
Do not confuse this calendar with a screener. There are no abundance of filters; in the settings you can only select the sector in which the company operates, country, weight. 
Detailed information is available for the selected instrument, including statistics on dividends for past reporting periods. The figure above shows the indicators for Johnson & Johnson.
etfdb
Every investor should be familiar with this service. There is a website where the principle of working with etfdb.com is discussed in more detail. There is screener with a lot of filters, in addition, it publishes its own ratings of the best companies paying dividends, which makes the search easier.
As the name suggests, the site is dedicated to Exchange traded funds. You can also get the most detailed information on funds in the USA and the rest of the world here. In the tab ETF research There is a separate paragraph dedicated to investment funds paying dividends. 
The local screener has a clause regarding dividends. You can specify the range of desired values and choose the frequency of payments, set the time period when profits should be distributed among investors.
Examples of ETFs and shares for a dividend portfolio can be found in a separate article. I won’t dwell on this now.
e-disclosure center
Detailed Database , which collects information on Russian companies. Yet again - no convenient screener, but they are displayed All news on the Russian stock market.
For each company, the registration address, contacts, name of the manager are displayed, and under this window there is a list of news. Here the data is not only related to the distribution of dividends, but in general all the information related to its work. 
In the figure above, I highlighted the item regarding dividend payments. If you work with the Russian market, then the Disclosure Center can be recommended for work.
The principle of operation is simple - enter the name of the company in the search bar, select the one you need and work with the news.
MOEX
Moscow Exchange website
also suitable for monitoring information on Russian companies. There is no separate screener to filter companies by dividends, but I would advise considering the MICEX as a source of information on companies that interest you. 
Please note that MICEX itself pays dividends, I showed her policy on this issue in the figure above.
The site displays information not only on the stock market, but also on the foreign exchange, derivatives, and commodity markets. There is information here not only on shares, but also on bonds: when and how many were issued, whether the issue is planned in the future.
If you are a beginner and still “floating” in these terms, I recommend that you familiarize yourself with other materials on the site. It is advisable to read the post about that and other articles for beginners.
Dohod.ru
If you click on the " +
» next to the company, a window with basic statistics will open. 
If you go to the section with detailed information on it, you can also familiarize yourself with payment history in past. Everything is very clear, convenient, there is data in the form of a graph, so I almost always use dohod.ru when working with the Russian market. The capabilities of the service are not limited to this, but we’ll talk about it in more detail another time.
BKS Express
The BCS broker has its own dividend payment calendar. It can be used if you need fast evaluate the dates and decide whether you have time to purchase papers before the cutoff date or not. You can view the calendar Here
.
If, for example, you need to know when Sberbank pays dividends in 2018, just look for the company name in the calendar and look at the closing dates of the register, cut-offs and plan purchases.
As on Etfdb, here the parameters for searching for funds are located on the left side. The item regarding dividends is in the tab Use of Profit.
Otherwise, everything is standard - we get a list of ETFs that meet our criteria. By clicking on the name of the fund, we go to information about it. There are also statistics on dividend payments.
How much money do you need to buy shares?
Let's work with a specific example. Initial data:
- Company income Aeroflot will be 23 billion rubles at the end of the year, goes to dividends 50% of net income;
- Quantity simple papers amounts to 1.11062 billion. Let's complicate the task a little and imagine that Aeroflot has 100 million preferred shares, their income is equal 20% from the amount that is distributed among shareholders.
We own 100 thousand simple papers And 25 thousand privileged, you need to calculate the payment at the end of the year. If you don’t know how to buy shares, read my educational program -. Let's move on to solving the problem:
In the example above we took real Aeroflot indicators, I only added privileged papers for clarity of calculations. Now let's work with smaller amounts. Let's calculate how much money you need to earn an income of 360 thousand a year ( 30,000 rubles per month) for the same Aeroflot. Now let’s discard the preferred securities and perform the calculation based on the company’s real statistics:
- The expected income per 1 security will be 10.35 rubles;
- Our goal is to make a profit of 360 thousand rubles. per year, that is, we must purchase 360,000/10.35 = 34782.6 shares;
- Lot cannot include less 100 shares, we round the resulting number, you need to buy 34800 securities or 348 lots, everyone is worth 10900 rubles;
- In total you will have to spend 348 x 10900 = 3.793 million rubles. Please note - you can buy the company's securities before the cut-off date, receive dividends, wait for their value to recover and sell, returning the amount in a couple of months.
Using the same scheme, you can estimate your own expenses when working with securities of American and European companies. It's simple math.
As for directly purchasing shares, you can work through:
- Interactive brokers . A reliable choice for world markets;
- BKS . Best choice for Russian market.
Taxes and other costs
It’s better not to try to bypass the income tax on dividends, but you can minimize its size. Below I list the features of taxation in this case:
- If dividends are paid in shares, then you pay nothing at all until you exchange them for fiat and you will not bring it out;
- A broker is a tax agent, so if you work through him, then all fees automatically will be paid upon withdrawal of funds;
- Tax is charged on the final result for the year, so if the losses offset your profits, then you don’t owe the government anything. If the tax has already been paid, it will be returned to the investor;
- When investing in American securities, you avoid double taxation. The US has a flat tax of 10% and is paid to the IRS. Since in the Russian Federation the rate has been adopted at 13%, there will only be pay the difference;
- The exception is investments in REIT and a narrow range of securities for which the tax is 30%;
- You can use investment accounts. By IIS 1st type the tax deduction is up to 52 thousand rubles (13% of the maximum contributed amount of 400 thousand rubles per year). IIS type 2 exempts from paying income tax, but it becomes more profitable than the first type with profits from 1,300,000 rubles per year.
Completely avoid the need to pay 13% personal income tax it is forbidden. Small amounts may not be noticed, but I don't recommend saving on this. There is a risk of future problems.
Examples of “generous” companies
Here is a list of some of the most “generous” companies in the Russian Federation and the USA:
- Lukoil- expected to be about 240 rubles by the end of the year. per share. On average, dividends have grown by 17.48% over the past 3 years;
- Norilsk Nickel– they pay more than 500 rubles per share, “divas” are also growing, although the company warns that they may reduce them in the future;
- Child's world– all profits go to dividends. The yield is about 9-10%, for each share they pay 6-8 rubles;
- Gazprom– with a yield of about 5.7% and dividends of 16.51% of profits, it is not among the leaders. I mentioned him because reliability. If only for this reason, Gazprom is worth including in the portfolio.
From foreign I'll highlight Euromoney, W. S. Atkins, Spectris, PZ Cussons, Burberry, Sage, Reckitt Benckiser.
Let's sum it up
If you are interested in generating income through dividends, I recommend adhering to the following rules:
- Try to buy shares at minimum price;
- Backbone of the portfolio should be reliable companies;
- Ideally, a company should constantly increase dividends, have a stable, reliable business strategy. Example – Coca Cola, which has increased payments annually since 1963;
- Diversify risks.
AND constantly track how the financial performance of companies changes. This is variable, so there is no guarantee that future payments will be as high as they were a year ago. Need to keep your finger on the pulse.
If you find an error in the text, please select a piece of text and click Ctrl+Enter. Thanks for helping my blog get better!
In order to receive dividends from stocks, you do not need to hold the securities all the time. It is enough to buy them and be in them before the so-called “cut-off” date, or, in a smart way, the ex-dividend date. This is the most important of the four dates you should be aware of when trading dividend stocks on US exchanges.
4 dates when trading dividend stocks
- Dividend Declaration Date - the date on which the company announces the date of payment of dividends and their amount.
- Record Date is the date of compilation of the list of persons entitled to dividends. In order to receive dividends, you must be on this list. It takes 3 days to prepare and you can track the start date of its preparation through Ex-dividend Date.
- Ex-dividend Date - the date that occurs 3 days before the closure of the register (Record Date). Starting from the Ex-dividend Date, shares are traded without the right to receive declared dividends. Therefore, you need to buy shares for dividends before this day.
- Payment Date - the date upon which you, as a shareholder, receive the dividends due to you.
How to look for stocks with upcoming dividends
All that remains is to find shares for which dividends are expected to be paid. How to do it? Here's a trade hack for you. To search for such stocks, you can visit Dividendchannel.com. Here in the Calendar section there is a list of securities with Ex-dividend Date for the current day. This is the first, but not the best way. Why not the best? Because it’s worth entering into dividend securities not on the “cut-off” day, but a little in advance. This is explained simply: shares tend to increase by approximately their value before paying dividends.
Therefore, here is the second method for you. Head over to Dividend.com. It has an Ex-Dividend Date section, and in it there is a stock search form (see screenshot below). In this form, specify the period you need for selecting securities with an ex-dividend date and voila. The list of shares is ready. It's free, but there is a limitation: you can generate such a list once a day. Usually this is enough, but if you want to search more often, then open a premium account and you will be happy.
Selecting stocks with an ex-dividend date on Dividend.com
The above screenshot shows that in addition to the ex-dividend date, the search results include such stock indicators as Dividend Payout and Dividend Yield. I write more about these metrics in the Investor's ABC here. If anything is unclear, please clarify in the comments to the post.
Ready list of dividend stocks
But as they say at Shop on the Couch, that's not all. For loyal readers of my blog, I have set up a filter on the Finviz.com website (I show how to work with this resource here). To get this filter, open the hidden content below.
The settings of this filter will allow you to select stocks that have: 1) An upward trend. 2) Dividend yield above 2%. 3) Optimal dividend yield. 4) Low Beta. 5) Adequate amount of debts. 6) Acceptable trading volume. 6) Price above $15 (which separates them from cheap securities). You can get a link to the filter on my blog here.
Oksana Gafaiti, The first Russian woman trading in America.
Author of Mindspace.ru and Trades.Mindspace.ru
