Profit Is Up 40% This Quarter. And Dividends Aren't Even the Main Story
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We usually focus on dividend yields. With T-Technologies (formerly Tinkoff), however, the story is different—and arguably even more interesting.
The company does pay dividends, and it does so every quarter. For the first quarter of 2026, the Board of Directors has recommended a dividend of RUB 4.6 per share, with the record date set for August 10. The yield is modest—around 1.5% for the quarter. But that is a deliberate trade-off.
The reason becomes clear when you look at the financial results. Net profit for the first quarter increased 40% year-over-year, while revenue grew by 25%. The company's performance has brought it closer to Sber than ever before. This is a growth story: the focus is not on maximizing today's dividend, but on expanding the business and increasing future shareholder distributions.
That is exactly what a well-balanced portfolio is about. Growth stocks, such as T-Technologies, offer the potential for capital appreciation. Dividend leaders, such as Sber and NMTP, generate cash flow today. Combining the two effectively is what turns a collection of assets into a strategy.
With the Road to $1M portfolio, you gain exposure to both dividend-paying companies and high-growth businesses. The former help generate current cash flow, while the latter build long-term capital.
Receive ready-made portfolio strategies every month, balancing dividend income with growth opportunities. SWC Passprovides access to the Russian and U.S. stock markets, with guidance on which securities to select, in what allocation, and when. All you need is access to the stock market through your own broker.
*This material is provided for informational purposes only and does not constitute individual investment advice. Dividends are declared and paid by the issuing companies, which independently determine the amount and payment dates.