2012.06.04 | Russia’s Norilsk Nickel to up 2011 dividends to 196 rbl/shareThe board of directors of Russian metals giant Norilsk Nickel has recommended paying 196 rubles per share in 2011 dividends, an increase of 8.8% on the year, the company said Thursday.
The company’s annual general meeting (AGM) of shareholders is scheduled to consider the recommendations of the board on June 29.
Norilsk Nickel paid 180 rubles per share in dividends for 2010.
The company’s dividend policy envisages spending approximately 20%–25% of the company’s net profit as calculated under IFRS on dividends. The company has not yet released its financial results for 2011.
Currently, the company’s charter capital is split into 190.628 million shares with a face value of 1 ruble each.
Russian tycoon Vladimir Potanin and United Company RUSAL hold about 28% and 25% in the company, respectively.
(31.3803 rubles – U.S. $1)
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