"Norilsk Nickel" plans to cut dividends for 9 months by 2.4 times.

The Board of Directors of MMC "Norilsk Nickel" has recommended an interim dividend for the first nine months of 2015 in the amount of 321.95 roubles per share (nearly $5.1 ), the total payout could reach 50.9 billion roubles, as follows from the message of the company.

EGM on the issue is scheduled for December 19th. The register of shareholders is closed on November 20th. The date of determining the persons entitled to receive dividends is recommended by December 30th.

Within first nine months of 2014 the interim dividends of MMC amounted to 762.34 roubles per share, or nearly 120.637 billion roubles in total. Thus, the current payments may be reduced by almost 2.4 times.


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