Rosneft to decide on dividends for January–June before October

MOSCOW, Aug 7 (PRIME) -- Russian oil major Rosneft will decide on January–June dividends until the end of September, the company said in a presentation released on Tuesday.

“The decision on payment of interim dividends for the first half of the year will be made in the third quarter of 2018,” the company said.

The company’s net profit amounted to 309 billion rubles in January–June, and its dividend policy encompasses paying at least 50% of the net profit in dividends no less than twice a year. The company’s shareholder equity is split into 10.598 billion common shares, so the dividend payment for January–June may amount to 14.6 rubles per share.

Rosneft paid 10.48 rubles per share in dividends for 2017, including interim dividends.

The company’s major shareholders include state oil and gas holding Rosneftegaz with a 50.00000001% stake, British oil giant BP with a 19.75% stake, and QHG Oil Ventures Pte. Ltd., a consortium of Swiss commodity trader Glencore and the Qatar Investment Authority, with a 19.50% stake.

(63.4975 rubles – U.S. $1)

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