Content area
Full Text
PAO Sberbank of Russia prepared a new dividend policy under which it will raise dividend payments to 50% of its IFRS net profit, with the increase to first apply in 2020 on payments made from the 2019 financial result, Vedomosti reported Dec. 13, citing Bloomberg News.
The new dividend plan did not set specific dividend figures for the period until 2020, according to unnamed sources cited by Bloomberg. The...