The price of Gazprom has fallen back to 6,90 Euro.
Since the weighting in European Dividend RIP10-portfolio is at the maximum of 10%, I will not be buying more, although tempting.
The newly disclosed 2Q2019 IFRS Results can be downloaded from https://www.gazprom.com/investors/presentations/2019/
Especially the 12th Slide is very interesting for my Dividend Growth Wikifolio.
The official statement that their dividends will grow to 50% of Net Income by 2022 is mentioned, which means a roughly 100% Increase from current levels (27%). At the current dividend yield of 6,5%, that means this will increase to ca. 12% Dividend Yield p.a. in the coming 3 years, based on stable net Income.
I expect net Income to increase as well, supported by reducing the amount of Capex, which peaked in 2018/2019 due to the new Pipelines. This will mean even more upside for dividend increases.
The political insecurity and volatility will present plenty buying-opportunities going forward, this is my high-convinction position.