Nornickel might pay out 224.20 rubles/share or $600 mln for H1
MOSCOW. Aug 25 (Interfax) - The board of directors of Norilsk Nickel (Nornickel) has recommended a dividend of 224.20 rubles (about $3.79) per share for the first half of 2017, the Russian mining giant said in a press release.
The total amount that the company plans to pay out as dividends will be about $600 million, Nornickel said. The proposed date of record is October 19.
The extraordinary general meeting at which shareholders will vote on dividends is scheduled for September 29. The register of shareholders eligible to vote at the meeting will close on September 5.
Nornickel paid shareholders 444.25 rubles per share for 9M last year, a total of around $1.1 billion, and final dividends for 2016 of 446.1 rubles per share, a total of around $1.2 billion.
Vladimir Potanin's Interros owns 30.3% of shares in Nornickel and Rusal holds 27.8%. Evraz co-founders Roman Abramovich, Alexander Abramov and Alexander Frolov have 6.3%. Metalloinvest divested from the metals company in July, selling a 1.8% stake on the market.
