May 17, 2018 / 7:11 AM / 2 months ago

Russia's Megafon says board recommends no 2017 dividend payout

MOSCOW, May 17 (Reuters) - Russian mobile operator Megafon said on Thursday its board had recommended no 2017 dividend be paid out.

Last year, the company’s board of directors recommended paying a dividend of 32.25 roubles ($0.5217) per share for the 2016 financial year. ($1 = 61.8148 roubles) (Reporting by Andrey Ostroukh Writing by Tom Balmforth)

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