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Gazprom Neft reports record dividend yield

Gazprom Neft reports record dividend yield

Business
June 11 (UPI) -- Coming off a record-setting year in terms of income, Russian oil company Gazprom Neft's chairman said shareholders are now reaping the rewards. The board of directors at Russia's third-largest oil producer approved a payout of $ 1.15 billion in dividends, or about $ 0.24 per share, 40 percent higher than last year. Gazprom Neft recorded a net profit of $ 4 billion last year. "Gazprom Neft's record dividend yield is underpinned by the company's strong financial results," Alexander Dyukov, the company's board chairman, said in a statement during the weekend. "In 2017, Gazprom Neft achieved the highest net profit in its history, with adjusted EBITDA up by more than 20 percent." Earnings before interest, taxes, depreciation and amortization are used to compare profitability ...