Analysts “Sinara” predicted the growth of dividends by 40% in 2027

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Analysts of the investment bank Sinara in the baseline scenario expect that Russian companies in 2027 will increase dividend payments by 40% compared to 2026, to ,4.7 trillion. This will give an average dividend yield of around 13%. This is stated in the analytical material of the Bank “Russian Stock Market”. Strategy for the fourth quarter of 2026 and 2027.

According to experts, the largest increase in payments relative to this year will be provided mainly by such companies as:

Gazprom. According to analysts, by the end of 2026, a positive indicator of free cash flow will make it possible to resume dividend payments. Results for the first half of 2026 show that the company is able to generate a large amount of free cash flow without foreign assets. The company has significant potential to increase production thanks to the Vostok Oil project; Sberbank. The company aims to increase net profit, including through large investments in IT and artificial intelligence (AI); Norilsk Nickel. According to analysts, the summer weakening of the ruble was a great help for the financial performance of the company. In addition, the speculative growth of copper quotations continued, and prices for other non-ferrous metals and platinoids, although decreased, remained at an acceptable level.

Top 15 dividend shares according to Sinara

Analysts of Bank Sinara identified shares of 15 companies with the highest dividend yield. According to their calculations, the average dividend yield for the year ahead on these securities will be 18.2%.

Top 15 shares of companies with the highest dividend yield until December 31, 2027 (dividend yield indicated to closing prices on September 24):

“Fix Price” – “buy”, target share price – 0.54, dividend yield – 28%; X5 – “buy”, target price – 2700, yield – 28%; “Gazprom” – “buy”, target price – 140 , yield – 27%; VTB – “buy”, target price – 93, yield – 19.8%; preferred shares “buy”, target price – 1300, yield – 19%; “Surgut”, “Group”, “Group” – 15%; “Group” – target price”, “Group”, “Group” – “Group”, “Group”, “Group” – 15%”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group”, “Group” – Sberbank - "buy", target price - 400, yield - 15.5%; LUKOIL - "buy", target price - 6150, yield - 21%; Rosseti Moscow region - "buy", target price - 2.07, yield - 15.2%; NCSP - "buy", target price - 8.6, yield - 15%; Rosseti Center - "buy", target price - 1.15, yield - 14.9%; "Gazpromprom oil" - 2.85 - target price; Moscow stock exchange - "buy", target price - 215, yield - 13.7%.

Experts noted that dividends will continue to grow with an increase in profit in nominal terms, which should contribute to higher commodity prices, inflation, a weakening ruble and a decrease in interest costs.

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