MTS board wants 39.9 bln rbl paid in divs for 2018, 19.98 rbl/share

MOSCOW, Apr 11 (PRIME) -- The board of directors of major Russian mobile operator MTS has recommended shareholders approve dividends for 2018 at 19.98 rubles per share, or 39.96 rubles per American depositary receipt (ADR), totaling 39.927 billion rubles, the company said late Wednesday in a statement.

The board recommended that the annual general meeting (AGM) of shareholders set the record date for shareholders and ADR-holders entitled to receive dividends for the 2018 fiscal year for July 9.

The AGM will be held on June 27, and the register will close on May 24.

For 2017, MTS paid 23.4 rubles per common share, or 46.8 rubles per ADR, which totaled 46.762 billion rubles.

For January–June 2018, MTS paid 2.6 rubles per common share, or 5.2 rubles per ADR, which totaled 5.196 billion rubles. With the recommended dividend, payments to holders for 2018 could be 26 rubles per share or some 52 billion rubles in total.

(64.7373 rubles – U.S. $1)

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