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Rostvertol OAO recommends FY 2013 dividend payment-Interfax


Friday, 16 May 2014 02:53am EDT 

Rostvertol OAO:Rostvertol, which is part of United Industrial Corporation Oboronprom, could spend 1.43 billion Russian rubles on dividends for 2013, which is 23.7 percent more than for previous year, the company said in a statement-Interfax.The board of directors recommended that shareholders decide at their annual meeting to pay out 2013 dividends of 0.55 rubles per ordinary share with par value of 1 ruble.Dividends could therefore total 35.8 percent of the company's net profit to Russian Accounting Standards (RAS) for last year, which was 3.999 billion rubles.Rostvertol told Interfax the remaining portion of net profit, 2.57 billion rubles, was expected to go towards developing production.The company paid out dividends of 1.15 billion rubles for 2012. 

Company Quote

0.11
-0.0050 -4.35%
30 Jun 2014