Lukoil (LUKOY) (LUKFY) (LUKOF) has opened a new chapter in its investment case - the company will pay all its FCF to dividends starting this December and will selectively support the stock price through its recently announced buyback program. The company's perfect mix of low debt, high operating efficiency, and investor-friendliness is now supplemented by generous dividends which can reach a 10% dividend yield in 2020. If oil prices don't fall below $50, Lukoil will be one of the best Russian dividend stocks at least for the next few years.
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