Dividend policy

The dividend policy of PJSC TATNEFT is elaborated in compliance with the Federal Law «On joint-stock companies» and the Company's Articles of Association. According to the Articles of Association, holders of privileged shares are entitled to receive an annual fixed dividend,which is equal to 100% of the share face value, unless the General meeting of the shareholders decides otherwise (clause 5.4).

Decision on the amount of dividends for ordinary shares is made by the general shareholders meeting based on the recommendation of the Board of Directors of the Company. The Company continues adhering to the positive dividend policy maintaining a high level of dividends payments every year.

The Company successfully ensures a progressive capitalization growth, which is the basis for a high dividend yield on the capital invested by the shareholders. The Board of Directors proposed to the General Meeting of Shareholders on the results of 2017 to approve dividends on ordinary and preference shares in the amount of 3,994% of the face value (RUB 39.94 per share), taking into account the previously paid dividends for the nine months period of 2017, and to allocate about 75% of the Company's net profit under IFRS for dividend payment, which accounts for RUB 92.9 Billion.

DIVIDENDS ON ORDINARY AND PRIVILEGED SHARES (IN RUR PER ONE SHARE)
SHARE TYPE% OF THE NOMINAL VALUEDIVIDEND AMOUNT
2007  
ordinary shares565%5,65
privileged shares565%5,65
2008  
ordinary shares442%4,42
privileged shares442%4,42
2009  
ordinary shares656%6,56
privileged shares656%6,56
2010  
ordinary shares502%5,02
privileged shares502%5,02
2011*  
ordinary shares708%7,08
privileged shares708%7,08
2012  
ordinary shares860%8,60
privileged shares860%8,60
2013  
ordinary shares823%8,23
privileged shares823%8,23
2014  
ordinary shares1058%10,58
privileged shares1058%10,58
2015  
ordinary shares1096%10,96
privileged shares1096%10,96
2016 
ordinary shares2281%22,81
privileged shares2281%22,81
* amount of dividends recommended by the Board of Directors for desicion -making by the Meeting of the Shareholders