CONSENSUS: Analysts expect Lukoil dividends for 2011 to be up 25%
MOSCOW. April 26 (Interfax) - Analysts surveyed by Interfax are pretty much of the same view that the dividends oil major Lukoil will be paying for last year will be up 25% from the year before at 74 rubles per ordinary share.
Lukoil paid 59 rubles per share for 2010.
The company's official dividend policy calls for paying dividends representing at least 15% of net profits to US GAAP. Lukoil made $10.357 billion in net profit to US GAAP last year. Company Vice President Leonid Fedun has said that Lukoil management plans to as the board of directors to increase dividends for 2011 by 25%.
The company's new strategic development program for the period until 2021 involves a progressive system for growing dividends. At present, Lukoil dividend payouts amount to 23% to 25% of net profit, which will be increased to 30% and in ten years to 40%.
The Lukoil board of directors will on April 27 address preparations for the company's annual shareholders meeting.
As a rule, those preparations include board recommendations as to dividends for the previous year.
Dividend forecasts:
| Company | Rubles per ordinary share |
| Nomos | 74.00 |
| Aton | 74.00 |
| Troika Dialog | 74.00 |
| Metropol | 73.75 |
| Deutsche Bank | 73.50 |
| Otkritie | 73.80 |
| Raiffeisen Bank | 74.00 |
| JP Morgan | 72.00 |
| Morgan Stanley | 74.00 |
| Gazprombank | 74.00 |
| UBS | 73.80 |
| Consensus | 73.71 |
| 2010 figure | 59 |
| Change (%) | 24.9 |