Beluga Group board recommends 73 rbl/share in H1 divs

MOSCOW, Aug 18 (PRIME) -- The board of directors of Russian vodka producer Beluga Group has recommended paying 72.76 rubles per share, or a total of 1 billion rubles, in dividends for January–June, the company said in a statement on Wednesday.

The shareholders will consider the recommendation at an annual general meeting on September 21. The register to participate in the meeting is scheduled to close on August 30.

The record date was recommended at October 4.

In September 2020, the company’s board of directors approved a new dividend policy, stipulating payments of least 25% of net profit under International Financial Reporting Standards (IFRS) twice a year.

The company paid 10 rubles per share in dividends for January–June 2020 and 90 rubles per share in final dividends for 2020.

Founder Alexander Mechetin owns 58% in Beluga Group, 12% account for a quasi-treasury stake, free float amounts to 26%.

(73.4753 – U.S. $1)

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