Exec: Gazprom’s board may recommend raising 2018 dividends

MINSK, Mar 22 (PRIME) -- The board of directors of Russian giant Gazprom will meet in April to discuss recommendation to raise 10.48 rubles per share in final dividends for 2018 from 8.04 rubles on 2017 results, Deputy CEO Andrei Kruglov told reporters on Friday.

“The meeting of the board of directors is to be held in April in the framework…of preparation for the annual general meeting of Gazprom’s shareholders. Regarding the dividend level, it is 10.48 rubles per share, if I am not mistaken,” he said.

Gazprom paid a total of 190.335 billion rubles in dividends for 2017, leaving the dividend payout flat on the year. The sum accounted for 26.6% of the company’s net profit for the year as calculated under International Financial Reporting Standards (IFRS).

The core shareholders are the Federal State Property Management Agency with 38.37% and state oil and gas holding Rosneftegaz with 10.97%.

(63.7420 rubles – U.S. $1)

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