Russians were told about promising dividend securities for 2026

The Russian stock market is preparing to reduce dividend payments in 2026, but analysts identify a number of securities with projected returns of up to 15-26%. The total amount of dividends next year may amount to about 3.4 trillion rubles, which is 20% lower than in 2025. This was reported on November 25 by the Delovoy Peterburg newspaper.

The decrease is due to a number of factors: a high key interest rate, the strengthening of the ruble and unfavorable commodity conditions.

Among the potential leaders in dividend yield, experts unanimously single out MTS, where fixed payments of 35 rubles per share are expected, which translates into a yield of over 16%. Sberbank is demonstrating consistently high performance, which, according to forecasts, will maintain its course towards record payments due to an increase in net profit. In the oil and gas sector, Transneft attracts special attention from analysts with a projected yield of about 14-15%, whose revenues are less dependent on oil prices and exchange rate fluctuations.

Project concern: authorities will put investments in the regions under control

Will this reduce the dependence of the subjects of the Russian Federation on government funding

Vsevolod Lobov, Director of Investments at Revenue Management, considers the ordinary shares of Bank Saint Petersburg with an expected yield of 19.6% to be among the most promising securities, noting the potential for a return to the classic payout rate of 50% of profit. At the same time, the expert warns about possible risks associated with the bank's sensitivity to a reduction in the key rate. One of the pleasant surprises of the market is Ozon's decision to start dividend payments while maintaining their volume next year.

"The company is a beneficiary of high rates, moreover, at the last payment it reduced the rate to 30% of the profit. We expect the bank to return to the classic 50% in 2026, which will ensure a high level of dividends," he said.

Uncertainty remains around VTB's dividend policy, where the amount of payments will depend on capital adequacy ratios and the upcoming conversion of preferred shares. Analysts also predict a possible reduction in payments from Lukoil and Rosneft due to sanctions pressure and oil price volatility.

Despite the general decrease in the dividend background, private retail banks such as Sovcombank and MTS Bank may present positive surprises due to the expansion of the interest margin against the background of a reduction in the key interest rate.

The information is not an individual investment recommendation.

Earlier, on November 20, Igor Balynin, an associate professor at the Financial University under the Government of the Russian Federation, said that old-age insurance pensions will be indexed by 7.6% in 2026, which is higher than inflation. According to him, this should be expected in January, and not in February, as previously expected.

All important news is on the Izvestia channel in the MAX messenger.