Rusagro might pay out 3.06 bln rubles in H2 dividends
MOSCOW. April 9 (Interfax) - The board of directors of Russian state-owned agricultural holding Rusagro has recommended that shareholders accept dividends of 5.063 billion rubles for 2014, the company said in a statement.
Because Rusagro already paid out dividends for H1 2014 of 2 billion rubles, H2 dividends will total 3.063 billion rubles.
Excluding treasury shares, dividends will be 130.03 rubles per share, or $2.35.
The company's annual shareholders meeting, during which dividends will be discussed, will take place on May 22.
The register of shareholders to receive dividends closes on May 22, and dividends will be paid no later than June 5 in dollars at the Central Bank's banks exchange rate as of April 8.
For the first time ever, Rusagro paid out dividends for 2013 at 1 billion rubles, or 42.45 rubles per share.