MTS shares are rising on the news that the board has recommended the shareholders' meeting to pay dividends for the first half of 2020 for a total of 17.8 billion rubles, or 8.93 rubles per share.
As a result, the dividend yield is 2.7%. On October 12, the list of claimants for the payout will be compiled. In the current environment, paying dividends is a competitive advantage, as we can see on the chart.
The price got close to the upper boundary of the ascending channel and has a potential for further growth to 339 rubles.
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