Alrosa may pay 50% of IFRS net profit as dividends for 2016 as well - Pristanskov
MOSCOW. July 11 (Interfax) - The requirement that Alrosa pay 50% of IFRS net profit in the previous year as dividends may be extended to apply to 2016 as well, Rosimushchestvo chief Dmitry Pristanskov said at a ceremony on Monday marking the conclusion of the privatization sale.
"We supported the Finance Ministry's position and agreed with the proposal to extend the 50%-as-dividends rule to next year," he said.
The new Alrosa shareholders who complete settlement of their purchases before the register closing date for dividends will receive dividends for 2015, Alrosa President Andrei Zharkov said.
Alrosa will pay 50% of 2015 net profit as dividends, in accordance with the government directive to state companies applying to dividends for 2015. Alrosa's own dividend policy calls for payment of 35% of net profit as dividends.