Current trends in the formation of the dividend policy of Russian companies

Subject. The article discusses the dividend policy of companies, its adaptation to risks and realities of the Russian economy. Objectives. Based on the analysis of conditions for the dividend policy formation in Russian corporations in the last decade, the study aims to unveil trends in dividend policy implementation, reasons for resumption of dividend payments in 2023, forecasts regarding the continuing dividend payment trends. Methods. The study employs historical and systems approaches, methods of analysis, synthesis, comparative analysis, generalization, and others. Results. The formation of the dividend policy of recent five years is considered as a trend, in which the policy of stable dividend payment was replaced by refusal to pay them, and then a return to dividend payments. Conclusions. The dividend policy of Russian companies is influenced by many factors, but external factors have become dominant in 2022, and the risks of its change remain in the current period.