Friday, May 21, 2010

Gazprom Increases Dividends by 6,6 Times

The Board of Directors of OAO "Gazprom" recommended to shareholders to pay dividends for 2009 at a rate of 2.39 rubles per share, reported the information department of the company.

Thus, among the shareholders of the largest gas company in the world there will be distributed 17.5% of net profits of the company for last year (minus the "paper profits"), as recommended the management of Gazprom.

If approved, the dividend will increase by 6,6 times compared with a similar scheme on the basis of 2008. Then, in the midst of crisis, Gazprom decided to apportion among its shareholders only 5% of the profits.

Nat Lawyer

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