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Top Russian (MOEX) Dividend Stocks
UPDATED Jun 28, 2022
What are the best Russian (MOEX) Dividend Stocks?
According to our Simply Wall St analysis these are the best Russian dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
4 companies meet this criteria in the Russian market
Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
High Dividend: SBER's dividend (13.36%) is in the top 25% of dividend payers in the Russian market (11.63%)
Notable Dividend
Stable Dividend
Rewards
Trading at 57.7% below our estimate of its fair value
Earnings are forecast to grow 7.59% per year
Earnings have grown 10.1% per year over the past 5 years
Risks
High level of non-cash earnings
Public Joint Stock Company Gazprom Neft, an integrated oil company, engages in the exploration, development, production, and sale of crude oil and gas in Russia, the CIS countries, and internationally.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: SIBN's dividend (13.51%) is in the top 25% of dividend payers in the Russian market (11.63%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Price-To-Earnings ratio (3.9x) is below the Russian market (7.3x)
Earnings are forecast to grow 13.21% per year
Earnings grew by 327.7% over the past year
Risks
No risks detected for SIBN from our risks checks.
Public Joint Stock Company ALROSA, together with subsidiaries, operates as a diamond mining company.
Dividend Criteria
Growing Dividend
High Dividend: ALRS's dividend (12.11%) is in the top 25% of dividend payers in the Russian market (11.63%)
Notable Dividend
Future Dividend Coverage
Earnings Coverage
Stable Dividend
Rewards
Trading at 48.4% below our estimate of its fair value
Revenue is forecast to grow 3.7% per year
Earnings grew by 186.2% over the past year
Risks
No risks detected for ALRS from our risks checks.
PJSC Tatneft, together with its subsidiaries, engages in exploration, development, and production of crude oil primarily in Russia.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: TATN's dividend (8.68%) is low compared to the top 25% of dividend payers in the Russian market (11.63%).
Stable Dividend
Rewards
Trading at 10.8% below our estimate of its fair value
Earnings are forecast to grow 16.15% per year
Earnings grew by 91.7% over the past year
Risks
No risks detected for TATN from our risks checks.