Russia's OGK-3 board recommends omitting dividend

MOSCOW, May 27 (Reuters) - Russian electricity producer OGK-3 (OGKC.MM) said on Wednesday its board of directors had recommended paying no dividend on its 2008 earnings.

OGK-3, controlled by Norilsk Nickel (GMKN.MM), the world's largest nickel producer, had earlier reported a 2008 net profit of about 7 billion roubles ($225 million), flat year-on-year.

(Reporting by Maria Kiselyova; editing by John Stonestreet)