ALROSA board recommends paying 39 bln rbl in 2017 dividends
MOSCOW, May 4 (PRIME) -- The supervisory board of Russian diamond producer ALROSA has recommended paying 5.24 rubles per share, or a total of 38.592 billion rubles, in dividends for 2017, the company said in a statement on Friday.
The shareholder register for dividends is slated to close on July 14.
The dividend policy of ALROSA encompasses payments of at least 35% of the IFRS (International Financial Reporting Standards) net profit in dividends.
The government owns 33.0256% in ALROSA, the republic of Yakutia has 25.0002%, the districts of the republic hold 8.0003%, and a 33.9739% stake is in free float.
(63.4860 rubles – U.S. $1)