Russia’s Lukoil may pay 120 rbl/share in final 2016 dividends

MOSCOW, Apr 26 (PRIME) -- The board of directors of Russian oil company Lukoil recommended paying 120 rubles per share in final dividends for 2016, the company said in a statement.

The record date for the dividends is July 10. Shareholders will discuss the recommendation at the annual general meeting scheduled for June 21.

In 2016, Lukoil paid 75 rubles per share in dividends for January–September, thus the total dividend payout for the year may reach 195 rubles per share. Previously, the company paid a total of 177 rubles per share in dividends for 2015 including interim dividends for January–September.

Lukoil’s major shareholders are CEO Vagit Alekperov and Vice President Leonid Fedun with stakes amounting to 22.96% and 9.78% as of the end of September 2016, respectively.

(55.8453 rubles – U.S. $1)

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