Novatek board of directors recommends paying out 14.23 rubles per share for H1, record date is Oct 10
MOSCOW. Aug 23 (Interfax) - The board of directors of Novatek has recommended paying out 43.2 billion rubles in dividends for H1 2019, the company said in a statement.
Thus, 14.23 rubles per share or 142.3 rubles per GDR could be paid out, a year-on-year increase of 53.8%.
Shareholders will decide on the issue at an extraordinary meeting on September 30.
"The list of persons entitled to take part in NOVATEK's EGM will be compiled as of 6 September 2019. The Board recommended to compile the list of persons entitled to receive dividends as of 10 October 2019," the statement reads.
Normalized net profit in H1 grew 29%, to 130.03 billion rubles.
It is thus proposed to pay out 33% of normalized net profit in dividends; a year before, that figure was 27%. For 2018 as a whole, Novatek paid out 34% of profit.