Top 5 Russian Stocks with High Dividend Yields

Russian companies pay high dividends, one of the highest in the world. According to Bloomberg estimates, the average dividend yield on stocks in the world now does not exceed 3%, while in Russia in 2022 it is expected to exceed 10%. The dividend yield of the Mosbirzhi index (which includes 43 companies) has been growing since 2011, when its level did not exceed 2%, according to a SberCIB review (Vedomosti has it). In total, companies from the index paid over 1 trillion rubles in 2021. dividends, analysts say. According to SberCIB estimates, in 2022 dividend payments will exceed 1.5 trillion rubles, and the dividend yield of the Moscow Exchange Index will jump from 5.7% in 2021 to a record 11.5% in 2022 and 10.9% in 2023 G.

The strong growth in the dividend yield of the Moscow Exchange index is due to several factors, the review says. Firstly, it includes more than 60% of export-oriented companies, and they, as you know, have become the main beneficiaries of the weakening of the ruble over the past 10 years – from about 30 rubles. (in 2011–2013) to more than 60 rubles. per dollar since 2015. Secondly, many companies have increased the rate of dividend payments: the average amount of dividends of companies in the index increased from 21% of net profit in 2011 to 36% in 2021. at least 50% of adjusted net income. Finally, the companies in the Moscow Exchange Index have a low leverage: net debt / EBITDA in 2021, equal to 0.2, is one of the lowest in the world, which means companies can spend less on debt servicing and more on dividends , SberCIB experts explain.

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