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)

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