Severstals board recommends paying 27.72 rbl/share in OctDec divs - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Severstals board recommends paying 27.72 rbl/share in OctDec divs

MOSCOW, Feb 1 (PRIME) -- The board of directors of Russian steelmaker Severstal has recommended paying 27.72 rubles per share, almost flat on the year, in dividends for OctoberDecember 2017, the company said in a statement on Thursday.

The shareholders will discuss the recommendation at a general meeting scheduled for June 8, 2018. The record date for the dividends is June 19.

In 2017, Severstal paid 35.61 rubles per share or a total of 29.83 billion rubles in dividends for JulySeptember, 22.28 rubles per share or a total of 18.66 billion rubles in dividends for AprilJune, and 24.44 rubles per share or a total of 20.47 billion rubles in dividends for JanuaryMarch.

The combined dividend payout for 2017 may reach 110.05 rubles per share, up from 80.6 rubles per share paid in dividends for 2016.

Alexei Mordashov, chairman of the board of directors of Severstal, holds 77% in the company.

(56.1840 rubles U.S. $1)

End

01.02.2018 19:34
 
 
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