MOSCOW, Jun 26 (PRIME) -- The shareholders of Russian diamond mining giant ALROSA have approved paying 5.24 rubles per share, or a total of 38.59 billion rubles, in dividends for 2017, the company said in a statement on Tuesday.
The dividend payment will account for around 50% of the company’s net profit calculated under International Financial Reporting Standards (IFRS).
The dividend policy of ALROSA encompasses payments of at least 35% of IFRS net profit in dividends. The company earmarked 50% of IFRS net profit in dividends for 2015 and 2016.
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.
(62.9497 rubles – U.S. $1)
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