Lukoil may nearly double dividend payments for 2019 in line with the private producer’s new strategy that will plow 100% of free cash flow for shareholder payouts. To ensure that dividends would not be impacted, the company has also decided to borrow for share buybacks and merger and acquisition plans. Speaking to investors at a recent conference call devoted to 2019 re- sults under International Financial Reporting Standards (IFRS), Lukoil officials said that estimated dividend payments should amount to 542 ru- bles ($7.26) per share, including 192 rubles/share the board recom- mended as interim payments for the first nine months of 2019.
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