Tatneft may pay 27.78 rbl/share in dividends for January–September

MOSCOW, Nov 7 (PRIME) -- The board of directors of Russian oil company Tatneft has recommended paying 27.78 rubles per share in dividends for January–September, the company said in a statement on Tuesday.

The suggested payment accounts for 75% of Tatneft’s net profit for the period calculated under Russian Accounting Standards.

The record date for the dividends is December 23, and the shareholders will consider the recommendation at an extraordinary general meeting scheduled for December 12.

The government of the republic of Tatarstan holds 30.45% in Tatneft via holding Svyazinvestneftekhim.

(58.4296 rubles – U.S. $1)

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