YUKOS dividend payouts may skyrocket

Analysts believe YUKOS dividend payouts may reach 30 percent of the company's net profit. The Russian oil giant's Board of Directors recommended the company's shareholders on April 24 to approve dividend payouts for 2002 in the amount of RUR22.12bn (about $700m). The 2002 dividend payouts will amount to $0.31 per share. Thus, the dividend yield will reach 2.7 percent with regard to the stock price at yesterday's close. Meanwhile, the 2002 dividend payout ratio will come to 21 percent, which is 14 percent higher than in 2001.

Analysts believe investors may expect the dividends to go up, as the newly founded YukosSibneft will seek to bring them up to the world level.

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