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CTC Media Inc to Boost Dividend, Plans Buyback-Interfax
Interfax reported that CTC Media Inc approved an open-market share buyback on March 4, 2013. The Company will purchase up to 2.5 million of its shares under this program. The Company has announced its intent to pay dividend in the fiscal year 2013 of USD 0.63 per share, or USD 100 million in all (USD 82 million the fiscal year 2012). Shareholders will receive the first quarterly tranche of USD 0.15 per share, or USD 24 million in total, before March 29, 2013.
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