Moscow Exchange may pay 7.7 rbl/share in dividends for 2018

MOSCOW, Mar 6 (PRIME) -- The supervisory board of the Moscow Exchange has recommended paying 7.7 rubles per share, or a total of 17.528 billion rubles, in dividends for 2018, the bourse said in a statement on Wednesday.

The record date for the dividends is May 14.

Previously, the bourse paid 5.47 rubles per share in final dividends for 2017. The combined dividend payout for the year amounted to18.12 billion rubles, or 89% of the company’s net profit for the year calculated under International Financial Reporting Standards (IFRS), taking into account 2.49 rubles per share paid for January–June 2017.

The Moscow Exchange’s major shareholders include Russia’s central bank with an 11.8% stake, Russia’s top bank Sberbank with 10%, state development corporation VEB.RF with 8.4%, 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.

(65.8004 rubles – U.S. $1)

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