Investor Alert

New York Markets Close in:

Market Pulse Archives

June 30, 2022, 5:18 a.m. EDT

Gazprom shares lose a quarter of value after halting dividend

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

By Steve Goldstein

Moscow-listed shares of Russian natural gas giant Gazprom plunged 27% after the natural-gas giant decided not to pay a dividend. Famil Sadigov, its deputy chairman, said in a statement that paying a dividend was "unreasonable." He said the company's priorities are to implement its investment program and prepare for the coming winter. He also said Gazprom must be ready to pay a higher tax liability.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.