Companies of energy sector operate in the domestic market and are more sustainable to the changing conjuncture. Thus, we have more opportunities for some forecasting.

The main message we can derive from the latest report is a reduction in money flow and an increase in capital expenditure. 

Picture 1.

These data allow us to assume that the period of dividend growth is in the past.

And most likely dividends for 21st year will not exceed 0,08 kopecks  on share.