Moscow Exchange may pay 5.47 rbl/share in final divs for 2017

MOSCOW, Mar 2 (PRIME) -- The supervisory board of the Moscow Exchange has recommended paying 5.47 rubles per share, or a total of 12.45 billion rubles in final dividends for 2017, the bourse said in a statement on Friday.

The record date for the dividends is May 15.

The bourse paid 2.49 rubles per share, or 5.67 billion rubles in interim dividends for 2017. The final dividends will drive the combined dividend payout for the year to 18.12 billion rubles, or 7.96 rubles per share, which accounts for 89% of the net profit of the Moscow Exchange for the year as calculated under International Financial Reporting Standards (IFRS).

The Moscow Exchange’s major shareholders include Russia’s central bank with an 11.8% stake, top bank Sberbank with 10%, Vnesheconombank (VEB) with 8.4%, and the European Bank for Reconstruction and Development (EBRD) with 6.1%, and a subsidiary of the Russian Direct Investment Fund (RDIF) with a 5% stake.

(56.4334 rubles – U.S. $1)

End