29 May 2017 14:42

TransContainer board recommended dividend of 46.81 rubles per share for 2016

MOSCOW. May 29 (Interfax) - The board of directors of TransContainer has recommended that shareholders accept a dividend for 2016 of 46.81 rubles per share in voting at the AGM, the rail freight operator said in a statement.

The board approved the recommendation at a meeting on May 26. The list of individuals with a right to receive dividends is expected to be put together on July 11.

The Board recommended allocating out around 780.5 million rubles of 2016 net profit, including 650.415 million rubles toward dividends and 130.082 million rubles toward sponsorship and philanthropic assistance, and to retain around 520.3 million rubles.