July 30 (Reuters) - Russian technology company Yandex ( YNDX )

on Tuesday said it may start paying dividends for the

first time, as it reported a sharp rise in core earnings soon

after completing a lengthy and complex split from its

Nasdaq-listed, Dutch parent company.

A Russian consortium of buyers this month finalised a $5.4

billion cash and shares deal to acquire Yandex's ( YNDX ) Russia-based

assets, which had been held through Nasdaq-listed Dutch parent

Yandex NV ( YNDX ), the largest corporate exit since Russia's

invasion of Ukraine in February 2022, albeit at a hefty

discount.

Yandex ( YNDX ), since its foundation in the late 1990s dotcom boom,

has always prioritised growth over dividends, preferring to

reinvest profits back into the company's varied tech services,

from search and advertising, to ride-hailing, e-commerce and

cloud.

Yandex ( YNDX ) said its management had recommended that the board

consider a dividend of 80 roubles ($0.9302) per share, to be

paid by the end of October, subject to shareholder approval.

Yandex ( YNDX ) said it believed the company should pay dividends twice a

year going forward.

($1 = 86.0000 roubles)