What is the size and time frame for dividend payments?
The bank is entitled to make decisions and announce dividend payouts on shares for the first quarter, six months, nine months, or the entire financial year. This doesn’t imply Sberbank is obliged to resolve to pay interim dividends.
Decisions on the payment of dividends, their size, and the date the shareholder list gets closed are made by the General Meeting of Shareholders upon the recommendation of Sberbank’s Supervisory Board. The dividend amount cannot exceed the one recommended by the Supervisory Board.
The size of dividends for each share of the same type shall be equal.
Dividends shall be paid in non-cash monetary form through remittances within the time frame outlined in the Federal Law On Joint-Stock Companies and shall depend on the status of a shareholder list member:
- nominee shareholders and trustees will have dividends credited within 10 business days since the shareholder list gets closed
- others will receive their dividends within 25 days after the closing of the list.