Source: Rosseti to present new dividend policy in JanMar 2019 - Power Industry - 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

Source: Rosseti to present new dividend policy in JanMar 2019

MOSCOW, Dec 3 (PRIME) -- Russian state power grid holding Rosseti will present a new dividend policy and a long-term strategy in JanuaryMarch 2019, a market source told PRIME on Monday.

The dividend policy should be transparent and understandable for investors, while keeping its ties to the dividend flow they receive from subsidiary and affiliate companies, the source said, adding that the new strategy should include digitalization and a vision of an optimal corporate structure.

Rosseti did not pay dividends for 20132015 and 2017, but paid 1.79 billion rubles for JanuaryMarch 2016 and 3.785 billion rubles for 2016. Earlier this year, the company paid 1.1965 kopeck per common share and 4.287 kopecks per preferred share, or a total of 2.468 billion rubles, in dividends for JanuaryMarch.

Pavel Grebtsov, director of the companys tariff policy department, said in August that Rosseti may pay dividends for JanuarySeptember, driving the combined dividend payout in 2018 to about 5 billion rubles.

The Federal State Property Management Agency owns an 88.04% stake in Rosseti.

(66.5335 rubles U.S. $1)

End

03.12.2018 19:02
 
 
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