MMK may pay final dividends for 2015 in the amount of 3.46 bln rubles

The Board of Directors of the Magnitogorsk metallurgical plant (MMK) has recommended shareholders to pay the final dividend for 2015 at the rate of 0.31 rubles per share for a total amount of 3.464 billion rubles. Taking into account the interim dividends, the total payment for 2015 could reach 9.9 billion rubles (about $150 million, or 35% of the profit for 2015). It is reported by the press centre of the company.

Chairman of the Board Viktor Rashnikovu owns about 87% stake in MMK. Thus, his share is about 3 billion rubles in the form of the final dividends, and taking into account the interim payments - about 8.7 billion rubles.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer