Severstal set to pay 20.27 rubles per share for Q4 2015
MOSCOW. Feb 2 (Interfax) - The board of directors of Severstal has recommended payment of 20.27 rubles per share, or a total of 16.98 billion rubles, in dividends for the fourth quarter of 2015, the company reported.
Severstal paid 14.65 rubles per share or a total of 12.27 billion rubles for Q4 2014. In other words, the recommended dividend for Q4 2015 is 40% higher. It is also 50% higher than the dividend paid for Q3 2015.
Severstal paid 12.81 rubles per share (or a total of 10.83 billion rubles) for Q1 2015, 12.63 rubles (10.58 billion rubles) for Q2 2015, and 13.17 rubles (11.03 billion rubles) for Q3 2015.
Shareholders will vote on the dividend recommendation at the annual general meeting on June 24. The register of shareholders for the AGM closes on May 10. Shareholders of record on July 5 will be eligible to receive the dividend.
