ALROSA can pay 8.93 rbl/common share in dividends for 2016

MOSCOW, Apr 25 (PRIME) -- The supervisory board of Russian diamond producer ALROSA has recommended paying 8.93 rubles per common share in dividends for 2016, the company said in a statement on Tuesday.

The shareholder register for dividends will close on July 20.

ALROSA paid 15.392 billion rubles, or 2.09 rubles per share, in dividends for 2015, which accounted for 50% of the company’s net profit under International Financial Reporting Standards (IFRS).

The government owns 33.03% in ALROSA, the Yakutia republic 25% plus one share, the districts of the republic hold 8% and a 34% stake is in free float.

(56.0794 rubles – U.S. $1)

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