Sber to pay Russian dividends record of RUB 422.4 bn for second year in a row
At the Annual General Meeting (AGM), Sberbank shareholders have approved the payment of RUB 422.4 bn in dividends for 2020, coming to RUB 18.7 per share (56% of the IFRS net profit) and the date on which the individuals entitled to dividend payments (record date) has been set on May 12, 2021. The end of the dividend payment period is June 17, 2021.
In accordance with its 2023 Dividend Policy, Sberbank intends to pay dividends amounting to at least 50% of its net profit.
Last year the Russian Federation, represented by the Ministry of Finance, acquired a controlling stake in Sberbank with financing from the National Wealth Fund. The value of the stake increased by over RUB 1.1 tn in a year. Moreover, Sberbank paid RUB 325 bn in taxes last year. Today we are announcing that, based on the outcomes of 2020, our shareholders, including the state, will receive RUB 422.4 bn, a national record in dividends for the second year in a row.
CEO, Chairman of the Executive Board, Sberbank