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Dividends

Company dividend policy is based on a balance of interests between the Company and its shareholders, the goal of raising the investment appeal and capitalization of the Company, and respect and strict observance for shareholder rights, as laid down in Russian legislation, the Company charter and other internal documents.

In accordance with the regulations on LUKOIL Dividend Policy, passed in 2003, the Board of Directors bases its dividend recommendation to the AGM on the principle that dividend payments should be no less than 15% of net profit determined on the basis of the Company’s consolidated financial statements prepared in accordance with US GAAP.

The aims of LUKOIL dividend policy are:
  • To make dividends one of the key indicators of the Company's investment appeal
  • To increase dividends based on consistent growth of profit and/or growth of the share of dividend payments in net profit


Total Shareholders Return Dividend per ordinary share, roubles
 
Dividends accrued on common stock, mln USD Dividend yield, %%
 

Year of payment

Year

Share type

 Dividend per share, RUR1)

Record date

Dividend payment period

2011 2010 ordinary 59 6 May 2011 Not exceeding 60 days from the date the payment decision is taken
2010 2009 ordinary 52 7 May 2010 From July to December 2010
2009 2008 ordinary 50 8 May 2009 From July to December 2009
2008 2007 ordinary 42 8 May 2008 From July to December 2008
2007 2006 ordinary 38 11 May 2007 From July to December 2007
2006 2005 ordinary 33 11 May 2006 From July to December 2006
2005 2004 ordinary 28 12 May 2005 From July to December 2005
2004 2003 ordinary 24 7 May 2004 From July to December 2004
2003 2002 ordinary 19,5 12 May 2003 From July to December 2003
2002 2001 ordinary 15 8 May 2002 From July to December 2002
2001 2000 ordinary 8    
preferred 59,16 14 May 2001 From July to December 2001
2000 1999 ordinary 3    
preferred 17,45 24 April 2000 From July to December 2000
1999 1998 ordinary 0,25    
preferred 2,67 14 May 1999 From July to December 1999
1998 1997 ordinary 0,22    
preferred 0,91 20 April 1998 From July to December 1998
1997 1996 ordinary 300    
preferred 1000 7 April 1997 From July to December 1997
1996 19952) ordinary 200    
preferred 500 20 April 1996 From July 1st to September 30th 1996
1995 19943) ordinary 500    
preferred 500 20 April 1995 From April 24th 1995

1) Up to 1996 inclusive dividends are given in non-redenominated roubles (The redenomination, at a rate of 1,000 old roubles to 1 new rouble, was intended to compensate for the effects of hyperinflation in the early 1990s).
2) From 1995 as a result of a share split, dividends were paid per share with par value of RUR 25, with the par value being reduced to RUR 0.025 after redenomination of the Russian currency.
3) Dividends for 1994 were paid per share with par value of RUR 125 (non-redenominated).


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