Evraz may pay $577.34 mln in second interim dividends in 2018

MOSCOW, Aug 9 (PRIME) -- The board of directors of U.K.-based mining giant Evraz, which operates mainly in Russia, has recommended paying U.S. $0.4 per share, or a total of $577.34 million, in second interim dividends for 2018, the company said in a statement on Thursday.

“A second interim dividend for 2018 of $577.34 million, or $0.40 per share, has been declared, reflecting the board’s confidence in the group’s financial position and outlook,” the company said.

The record date for the dividends is August 17, and the company plans to pay dividends on September 6.

Evraz paid U.S. $0.3 per share, or a total of $429.6 million, in interim dividends in 2017 and $0.13 per share or $187.6 million in first interim dividends for 2018.

The company’s core owner is Cyprus-based Lanebrook Ltd with a 63.79% voting stake, with businessman Roman Abramovich, Chairman of Evraz’s board of directors Alexander Abramov and President of the company Alexander Frolov as the beneficiaries.

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