Novatek may pay 14.23 rbl/shr in dividends for January–June

MOSCOW, Aug 23 (PRIME) -- The board of directors of Russian independent gas producer Novatek has recommended paying 14.23 rubles per share in dividends for January–June, the company said in a statement on Friday.

The record date for the dividends is October 10.

Novatek previously paid 9.25 rubles per share in dividends for January–June 2018, and the combined dividend payout for the previous year amounted to 26.06 rubles per share, or a total of 79.126 billion rubles.

According to the latest public data of Novatek, CEO Leonid Mikhelson controlled 24.75% in Novatek. Gas giant Gazprom owns 9.99% in the company, tycoon Gennady Timchenko’s companies Ena Invest and Volga Group own 19.16% and 4.3%, respectively, and France’s Total has a 19.4% stake.

(65.6196 rubles – U.S. $1)

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