The Board of Directors of JSC «PAYNET» recommended distributing net profit with dividend payments to shareholders. The decision was made on September 28, with the minutes dated October 2.

Recommendation parameters

  • for ordinary shares — 68.79 sum per share;
  • as a percentage of par value — 13.76%;
  • no payments are provided for preferred shares.

Based on this ratio, the par value of a share is 500 sum.

Decision status

This is a recommendation, not a final decision. The dividend amount is approved by the general meeting of shareholders, which may accept the proposal, reduce the amount, or decline payment.

The meeting cannot increase the recommended amount.

Context: the group is actively expanding

The payment organization has been building a diversified structure in recent months. It includes:

  • National Interbank Processing Center — operator of the HUMO payment system, acquired for approximately $65 million;
  • PAYNET CRYPTO — cryptocurrency direction;
  • FurtherIT, through which control over the brokerage organization GOINVEST was obtained;
  • Paynet Venture Vectors — venture capital direction;
  • Paynet Academy — educational company established in October.

Against the backdrop of such expansion, the dividend decision is noteworthy: the company simultaneously invests in acquisitions and distributes profits to shareholders.

How to interpret this

This is possible with sufficient cash flow from core operations. The payment business generates stable revenue with a short turnover cycle — unlike, for example, manufacturing.

Another explanation: acquisitions are financed by borrowed funds or through parent structures, while operating profit remains available for distribution.

Consolidated group financial statements would provide the exact answer.

What's next

Two subsequent disclosures are worth monitoring: the meeting's decision on dividend approval and the accrual statement indicating payment dates.

The company's securities are not traded on the exchange, so calculating dividend yield to market price is not applicable here. For traded issuers, such calculations are available in the stocks section.

This material is for informational purposes only and is not an investment recommendation.