Surgutneftegas may multiply 2018 preferred share divs to 7.62 rbl

MOSCOW, May 17 (PRIME) -- The board of directors of Russian oil and gas company Surgutneftegas has recommended increasing dividends for 2018 for preferred shares 450% to 7.62 rubles per share, and retaining dividends for common shares at 0.65 rubles apiece, as seen by PRIME in the company’s materials on Friday.

It also recommended slating the record date for July 18.

In 2017, Surgutneftegas’s dividends on common and preferred shares amounted to 0.65 rubles and 1.38 rubles apiece, respectively.

(64.5598 rubles – U.S. $1)

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