Wednesday, February 17, 2010

Russia's Largest Gold Miner Promised Shareholders Handsome Dividends

"Polyus Zoloto" promised its shareholders fairly good dividend on the basis of 2009.

"I see no reason for changing the policy of paying dividends. Indicators are supposed to grow, including the amount of dividends ", - said today the head of "Polyus Zoloto" Yevgeny Ivanov. The gold miner was enriched during the crisis. 
Eugene Ivanov recalled that, according to the company's policy,  the sum of dividends amounts up to 25% of consolidated net profit. He noted that in 2008, they "failed to pay dividends because of some legal aspects". But the company compensated the shareholders by payment of dividends in the first half of 2009. Then shareholders received 1.25 billion rubles.


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