Analysts say YUKOS not to pay dividends in near future

YUKOS will not pay dividends in the near future, UFG analysts said in their survey. The main reason is the uncertainty of the situation around the termination of the YUKOS-Sibneft merger and possible claims of Russian tax agencies, experts believe.

Moreover, current dividend policies of YUKOS need to be specified, they noted. This concerns interim dividends for a six-month period and a constant bringing of dividend payments and a dividend yield to the level of major international oil companies depending on four major factors: the demand to upgrade equipment, oil prices, tax expenses of shareholders and the accessibility of sources of financing in Russia, analysts stressed in the survey.