Anton Siluanov insists on dividends of state companies in 50 percent

@Rossijskaja gazeta
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the First Deputy Prime Minister - the minister of finance Anton Siluanov opposed offers on reduction of a share of profit of state companies which they will direct on payment dividends.

"the Ministry of finance and the financial and economic block of the government take a consecutive position about need of payments state companies of dividends of not less than 50 percent of net profit on IFRS, - Anton Siluanov told journalists. - Such dividend politicians should not conduct to reduction of investment programs".

He noted that state companies can find additional resources as due to increase of efficiency of investment projects, and due to use remained after payments dividends of profit and attraction of market financings ". In some cases financing parts of investment expenses of state companies can be carried out due to granting the budgetary subsidies", - Anton Siluanov allows.

the State, according to him, has to receive return on the invested capital at the level comparable to the large private companies ". Such state companies as PUBLIC JOINT-STOCK COMPANY JOINT-STOCK COMPANY "ALROSA" and PUBLIC JOINT-STOCK COMPANY "AEROFLOT", already now can pay and 75 percent from their profit as dividends", - Anton Siluanov "noted. Stable dividend politicians does the Russian actions more interesting to investors, promotes attraction of bigger number long-term, instead of speculative investors", - he added.

the Federal budget this year, according to the law on it, has to receive in the form of dividends of state companies of 250,7 billion rubles.

Earlier newspaper "Kommersant" reported

that the economic block of the government has to agree on offers on "improvement dividend policies" infrastructure monopolies taking into account "unconditional financial security" their investment programs.

Analysis
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Anton Siluanov
Last position: Minister (Ministry of Finance of the Russian Federation)
87
PJSC ALROSA
Main activity:Mining
134
PJSC Aeroflot
Main activity:Transport
209