Qiwi plc to pay quarterly dividend of 22 cents a share, record date Aug 17
MOSCOW. Aug 11 (Interfax) - Directors at Qiwi plc have approved a Q2 dividend of 22 cents per share, the company, which operates the largest payment terminal network in Russia, said in a press release.
The dividend record date is August 17, 2016, and the company intends to pay the dividend on August 18, 2016.
It was reported earlier that Qiwi payed 22 cents per share in first quarter dividends.
Dividend distributions for the remainder of 2016 are subject to the company's future cash flow needs, including cash requirements in connection with potential M&A opportunities, Qiwi said.
Qiwi CEO and chief beneficiary Sergei Solonin said during a conference call on Thursday that the company was seeking out M&A opportunities, with the discussion focusing more on acquisition of larger rather than smaller enterprises. The process is not at an advanced stage yet: discussion is underway, but there is not commitment to conclude a deal, he said.
Qiwi includes OJSC Qiwi, Qiwi Bank and Qiwi Payment Services Provider LLC. Company shares are traded on Nasdaq and the Moscow Exchange .
