OREANDA-NEWS. May 07, 2010. May 10 is a record date for Tatneft shareholders seeking to receive dividends for 2009. Given that May 8-10 are holidays in Russia, Friday, May 7 is the last day when market participants may buy Tatneft shares with the purpose of getting dividends for 2009. The holders of Tatneft shares after the market is closed today will be entitled to the dividend.

Tatneft’s BoD recommended a dividend payout for 2009 at 30% of nonconsolidated net profit under RAS, which amounts to a total payout of RUB 15.26 billion and a dividend of RUB 6.56 per common or pref. This implies a dividend yield of 4.5% and 7.2%, respectively. According to our estimates, a dividend yield on Tatneft prefs is among the highest in the Russian oil & gas sector.