Who expect good dividends

Rosstat estimates that net on profits of all large and medium Russian companies for January - November of 2010 increased by half to 5.54 trillion rubles. This means that owners of public corporations, along with other beneficiaries of the business can rely on a more impressive piece of the pie than in the past year. Moreover, a number of trading on the exchanges of the possibility of a dividend appears for the first two or three years due to the fact that they have completed the previous periods with a loss. However, recall that the final decision on distribution of profits shall take the majority shareholders with the filing of the board of directors, which is often of the same and controlled. The main share of income, usually remains within the company itself and include, for example, to finance new projects or reducing the debt burden. Analysts "VTB Capital" expects that only oil and gas producers and holders of securities will direct $ 14.6 billion - a 27% increase over last year. According to the team of the Bank of Moscow, the cumulative dividend of major Russian corporations will approach $ 19 billion, which is below pre-crisis value (about $ 20 billion a year), but 18% above last year's level. Differently perceived by the same numbers but in relative terms (as a percentage of the value of the shares). Dividend yield will increase if, then "individually" and not too much, after all, grew up quotes from the previous closing of the register. Consideration of the Bank of Moscow 62 "dividend" companies have to please shareholders 48. The average yield of ordinary shares will be forecast to 2%, and the privileged - 5%. In the oil industry, ferrous metallurgy and telecommunications, these indicators for Russian and foreign companies already are quite comparable, but in power, banking and engineering remains a significant gap between world leaders. At this time, quite a few large companies - at least two dozen - already accrued dividends for six months or nine months. This was the case, in particular, all inter-regional telecom operators and "Rostelecom", "Baltic", "Severstal", some retailing companies. Investors who buy their shares now, you can count on payment on the basis of "Uncovered" interim payment intervals - the second half or the fourth quarter. Two percent of the "Gazprom". At the top of the list of "most dividend" ideas are a few names that the public may seem unfamiliar. The "Rosneft-Smolensknefteprodukta" (the company sells petroleum products in the Smolensk region) do not even have an intelligent site, and concise quarterly reports disclosed the tape of the authorized agency. The "Obneftegazgeologii", engaged in exploration, coincidentally the site is also available - closed for refurbishment. Both of these exotic issuer came to the table with the filing of analysts' BrokerCreditService. " Last year the company paid dividends on preferred shares decent. But what is the guarantee that history will repeat itself in dealing with typical representatives of the third tier, with all its attendant risks. Preferred shares of the Moscow Oil Refinery and MGTS are the five best ideas for dividend version of the "Olmy." Forecasts for payments based on expected annual net income and fixed in the statutes of the norm of dismissal 10% of income to owners of preferred shares. As for the Saratov Oil Refinery, the review provides a caveat: a very low liquidity of these securities creates too much risk and can not recommend them to buy in anticipation of even higher dividends. Issuers of first-tier, as expected, were not included in the number of potential leaders in the dividend yield. Thus, the payment of major oil and gas and state holdings do not exceed 2% of the value of the securities. While in "Gazprom" and "Rosneft", it seems, there have been positive developments. From the gas giant's market expects to increase the share of net profits distributed to shareholders, from 8 to 10%. At the oil company can grow from 13% in 2009 to 15% for the 2010-th. The highest yield among the oil producers can show the "Tatneft" and "Surgutneftegas". Regarding the latter with analysts in two versions: one in the mortgage payments the same level of payments on common and preferred stock, while others put on last year's retention ratio when the charges on preferred shares is 2.3 times higher than the dividends on obychka. Much higher in our table would be "Bashneft" and "TNK-BP Holding." But they have already sent to shareholders major expense for 2010 is in the form of interim dividends, and payments for the remainder of the fourth quarter are likely to be relatively small. Their papers will find their former dividend appeal only to the second half of the year, as we approach the closing date rosters for the regular charges for January - September. I believe - I do not believe. Some analysts draw attention to the actions of Tatarstan petrochemical corporations - "Nizhnekamskneftekhim" and "Kazanorgsintez". First, the company increased annual net profit under RAS more than 16 times - up to 7 billion rubles. According to the statute, the annual fixed payments owed to holders of preferred shares only, and that total at 13 million rubles-lei. However, historically about 30% of the income distributed among all shareholders. Such a scenario is likely now. As for the "Kazanorgsintez" that he did not pay dividends for 2008-2009, ending with their loss. But net profit for the year 2010 seems to be about 1.6 billion rubles, and, in principle, of this amount may be distributed to the shareholders (owners of preferred shares under the statute relies 0.25 rubles per share). True, there is a risk factor in a high debt load - net liabilities of the company almost double its capital base. So it is possible and non-payment of dividends. "Big Five" Russian steel to the crisis, to shareholders of 40-50% net profit, and even up to the heaviest 2009, three out of five companies paid dividends, albeit symbolic. The industry is alive, but, as predicted by the Bank of Moscow, "five" will pay this time about $ 1 billion - 3.5 times less than before the crisis. Electricity Companies rarely indulge shareholders. While in the West, leading industry players in the average share of own shares-a-half net profit. Given the large volume of investment obligations from Russian power generating and transmission companies, the picture is unlikely to change in coming years. Now here is used only to preferred shares "Lenenergo" and "Quadra" (formerly TGK-4). The largest public banks also are not used to amaze generous dividends, preferring to reinvest the proceeds. Savings are traditionally sent to shareholders 10% of net profit under RAS. VTB last year went to increase the proportion to 25%, but even if the proportion is maintained, the dividend yield of its shares barely exceeds 1%. "OLMA" in the banking sector allocates less liquid preferred shares of MDM-Bank, and Bank of Moscow analysts - prefs "Saint Petersburg". In both cases, the papers provide a fixed payment, although MDM Bank last year and set a precedent by refusing to charge the dividends. The increase in net profit in 2010, allows him to make up for the negative impression without prejudice to the development. In telecommunications, good dividends are expected to Vimpelcom and MTS in particular, which is believed by the Bank of Moscow, may give shareholders 75-100% of net profit, given the plans of its principal owner AFK "System" in M ​​& A. In the calculations, "Olmy" lies in the share of 60%, typical for recent years. IRAs and "Rostelecom", distinguished themselves decent interim dividend seems to be limited and. In the consumer sector are allocated shares of "Baltika", which by the time of this publication may be already close the register of shareholders to accrue dividends in the second half. In engineering, a 5% dividend yield can transcend market "Sollers" (according to "Olmy"). Some analysts are skeptical that "Silvinit", which is in the process of absorption "BRIC" to pay anything to shareholders for 2010. However, the "TKB Capital" and "Olma" in no hurry to exclude him from their lists stocks 'dividend' securities. From "Dorogobuzh" the market is mainly waiting for payments only on preferred shares, but "Energocapital" and gives the forecast for the common shares. Parade of dividend action ideas Expected dividends * euro / share price ** 02/15/11, rub. Dividend yield before taxes,% Record date *** Moscow Refinery, AP 1698.5 333.3 19.6 5-15 May Rosneft - Smolensknefteprodukt, AP 2181.7 364.0 16.7 March 25 - April 5, MDM-Bank, AP 2.3 17.2 13.6 1-10 May MGTS, AP 405.1 43.6 10.8 May 5-15 Saratov Refinery, AP 5124.9 513.4 10.0 15-25 April Lenenergo, AP 3.3 43.8 7.6 5-15 May Obneftegazgeologiya, AP 2298.9 169.0 7.4 1-10 May Nizhnekamskneftekhim, AP 1.0 14.3 7.3 20-28 February Kazanorgsintez, AP (100 pcs.) 341.2 24.5 7.2 February 25 - March 5, Mostostroy-11 2554.8 35800.9 7.1 5-15 April Bank of St. Petersburg, AP 177.9 11.8 6.6 March 5-15 Saratovneftegas, AP 129.4 1976.7 6.5 1.2 1-10 May Dorogobuzh 18.6 6.5 March 25 - April 5, MTS 15.8 246.0 6.4 1-10 May Surgutneftegaz, AP 1.0 16.6 6.2 10-20 May Silvinit, AP 10826.1 633.7 5.9 34.6 Sollers 1-10 May 5-15 May 649.0 5.3 Dorogobuzh, AP 0.8 14.8 5.2 March 25 - April 5, Quadra, AP (1000 pcs.) 0.5 10.4 5.1 5-15 March Vimpelcom (NYSE) 20,8 418,5 5,0 20-31 May Baltica, AP 1264.0 4.7 59.3 1.0 22.7 February 4.6 Nizhnekamskneftekhim 20-28 February Kazan Helicopter Plant 4.7 103.0 4.5 1-10 May Tatneft, AP 100.5 4.6 4.5 May 5-15 Baltica 59.3 1320.0 4.5 February Bashinformsvyaz, AP 0.3 5.8 4.3 15-25 0.3 7.6 April 4.3 Kazanorgsintez February 25 - March 5, Vyksa metallurgical plant 2095.0 50300.0 4.2 1-10 May Arzamas Instrument Plant 183.2 4539 , 2 4.0 April 25 - May 5, Udmurtneft, AP 21399.4 811.6 3.8 15-25 May Tattelecom (100 pcs.) 0.8 22.1 3.8 5-15 March Norilsk Nickel 256.1 7065.0 3.6 20-31 May CZP 5 3 148.7 3.6 811.6 1-10 May Udmurtneft 24160.1 3.4 15-25 May, TNK-BP Holding, AP 2.6 78.1 3.3 57.8 10-20 May Lukoil 1894.9 3.1 1-10 May Bashneft, AP 1044.0 31.3 3.0 7.4 15-25 May Mostotrest 249.4 3.0 20-31 May, TNK-BP Holding 2.6 87.5 3.0 4.6 10-20 May Tatneft 163 5-15 4 2.8 100.0 3660.6 May Bashneftegeofizika 2.7 March 25 - April 5, Belon 0.7 24.9 2.7 20-30 April Gazprom Neft 3.7 137.5 2.7 10 - May 20 211.7 9371.2 2.3 Apatite 10-20 May NCSP 2.2 0.1 4.1 18.6 15-25 April Kalina 839.0 2.2 31.3 15-25 March Bashneft 1435, 0 2.2 15-25 72.9 1.4 May 1.9 Aeroflot 1-10 May Sberbank, AP 1.3 69.4 1.9 2.7 10-20 April TMK 145.0 1.8 25.0 15-25 May Akron 1362.0 1.8 5-15 3.6 199.5 Gazprom April 1, 8 1-10 May Surgutneftegas 0.5 31.6 1.6 10-20 May Slavneft-Regionneftegaz, AP 301.3 4.7 1.6 May 10-20 Ufa MPO 0.3 19.0 1.5 15-25 May IDC Holding, AP 0.1 5.2 1.4 5-15 0.3 24.2 May 1.4 Irkutskenergo 5-15 May Polyus Gold 21.3 1640.0 1.3 10-20 April M. Video 3.3 270 0 1.2 5-15 May Avtovaz, AP 9.8 .1 1.2 1-10 May VTB (1000pcs.) 1,1 95.1 1.1 10-20 April Rosneft 2.7 258.0 1.1 25 April - May 5th Novosibirsk Chemical Concentrates Plant 2.0 194.0 1.1 5-15 0.3 31.5 May 1.0 CMI 1-10 April 127.9 0.9 1.2 NLMK 10-20 April Mechel 8.1 922.0 0 20-31 May 9 222.1 0.8 1.7 Uralkali 5-15 May Transneft, AP 39042.0 284.8 0.7 0.7 Savings 20-31 May 99.5 0.7 10-20 April MOESK (100 pcs.) 155.9 1.1 0.7 3.3 10-20 May Polymetal 504.7 0.7 2.1 15-25 May Novatech 325.0 0.6 15-25 March BASHINFORMSVYAZ 0.1 0.6 10.2 15-25 0.1 16.0 April Utair 0.6 1 - May 10 Revival, AP 2.0 438.0 0.5 1-10 May OGK-2 (100 pcs.) 152.7 0.7 0.4 May 5-15 Mosenergo (100 pcs.) 1.3 304.3 0.4 1 -10 May 0.1 30.9 0.4 Avtovaz 1-10 May magnet 10.6 3763.9 0.3 0.1 System 1-10 May 10-20 May 28.0 0.2 FGC (100 pcs .) 0.1 41.0 0.2 May 10-20 WGC-6 (100 pcs.) 134.7 0.2 0.2 April 15-25 VSMPO-AVISMA 3514.2 4.4 0.1 15 - May 25 TGK-1 (1000.) 0.0 21.3 0.1 5-15 May Bank Saint-Petersburg 171.8 0.1 0.1 March 5-15 Source: "F.." * Less already assessed the interim dividend. Taken into account forecasts of "VTB Capital", "Metropol", "TKB Capital", "Olmy," Bank of Moscow, "BrokerCreditService", "Energocapital." ** At the close of trading on the MICEX and the RTS. For stocks for which no transactions indicated the average of the bid and offer. *** The probable range of experience of last year.