Lukoil CEO says board recommends 2018 divs at 250 rbl/share

THE BUKHARA REGION, Uzbekistan, Apr 25 (PRIME) -- The board of directors of Lukoil has recommended paying 250 rubles per share in final dividends for 2018, CEO Vagit Alekperov told reporters on Thursday.

“The board of directors recommended paying dividends at the amount of…250 rubles (per share),” he said.

The shareholders will discuss the recommendation at an annual general meeting on June 20.

In March, the company approved amendments to its dividend policy saying that Lukoil will try to raise the dividends paid on all shares, excluding the shares owned by the company, by at least the figure of inflation in rubles each year.

Previously, the company paid 182.871 billion rubles, or 215 rubles per share, in total dividends for 2017, including 85 rubles per share paid in dividends for January–September of the year and 130 rubles per share paid in final dividends. The company also paid 95 rubles per share in dividends for January–September 2018.

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