Transneft recommends an increase dividends for 2013 by 1.6 times to 7.9 billion rubles

On May 26th, Transneft Board of Directors recommended to the annual shareholders meeting to allocate to the payment of dividends for 2013, 7.901 billion rubles, i.e. 70.16% of the net profit, compared to 4.865 billion rubles for 2012. In particular, Transneft is going to pay 6.776 billion rubles, or 1,221 rubles per stock, for equal shares, and 1.126 billion rubles, or 724.21 rubles per stock, for preference shares.

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