Russia’s Lukoil owners nod 75 rbl/share in dividends for Jan–Sep

MOSCOW, Dec 7 (PRIME) -- The shareholders of Russian oil major Lukoil have approved payment of 75 rubles per share, or a total of 63.78 billion rubles in dividends for January–September, the company said in a statement on Wednesday.

The record date for the dividends is set for December 23.

In 2015, the company paid 65 rubles per share in dividends for January–September.

In October 2016, Lukoil’s board of directors approved a new dividend policy of the company that envisages payments of at least 25% of net profit under International Financial Reporting Standards (IFRS) and an annual growth of dividends per share at a level of no less than inflation.

As of late September 2016, CEO Vagit Alekperov directly and indirectly held 22.96% in the company and Vice President Leonid Fedun owned 9.78%.

(63.8741 rubles – U.S. $1)

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