3 Jun 2016 16:13

GAZ may pay 2015 dividends on prefs only at 1.34 rubles per share

MOSCOW. June 3 (Interfax) - The board of directors at GAZ , which is the parent company of the GAZ automotive group, has recommended that shareholders at their annual shareholders meeting vote to accept 2015 dividends on preferred shares only, in the amount of 1.34 rubles per share, the company said in a statement.

The board recommended that dividends not be paid on ordinary shares for 2015.

GAZ had net profit of 66.6 million rubles in 2015.

The company has 18,520,260 issued ordinary shares and 1,453,500 preferred shares, par value 1 ruble each, so the overall dividend payout might be 1.948 million rubles.