RUSAL shareholders decide against paying dividends for JanЦJun
MOSCOW, Sep 10 (PRIME) -- The shareholders of Russian aluminum giant UC RUSAL has approved paying no dividends for JanuaryЦJune at an extraordinary general meeting, the company said in a statement on Friday.
In August, the companyТs board of directors recommended paying no dividends for the period.
On Thursday, Sual Partners, which is co-owned by Viktor Vekselberg and has 25.72% in RUSAL, said that it disagreed with the recommendation and insisted that the aluminum company could and should have paid U.S. $904.5 million in dividends starting from 2019, including $289.8 million for JanuaryЦJune 2021, in accordance with its dividend policy.
RUSAL last paid dividends in 2018, which was a total of $299.3 million in dividends for 2017.
En+ Group holds 57% in RUSAL and free float is 17.4%.