26 Jun 2017 13:47

RusHydro shareholders approve 2016 dividends at 4.66 kopecks per share

MOSCOW. June 26 (Interfax) - RusHydro shareholders have approved paying out dividends for 2016 at 0.0466245 rubles per ordinary share, an Interfax correspondent reported from the annual meeting.

The total dividend payout will amount to almost 19.9 billion rubles, which corresponds to around 50% of net profit to International Financial Reporting Standards (IFRS).

The dividends are 33% higher than dividends for 2015. The government will receive more than 12 billion rubles to its budget in 2017 from RusHydro dividends.

The register to receive dividends will close on July 10, 2017.