Inter RAO board recommends 108.5 mln rubles in 2014 dividends
MOSCOW. April 7 (Interfax) - Directors at Inter RAO are recommending a dividend of 0.001039679119 rubles a share or 108.5 million rubles in total for 2014, the electricity holding said in a statement.
This is 25% of net profit to Russian Accounting Standards (RAS).
The dividend will be put to the vote at this year's annual shareholders meeting, which takes place in Moscow on May 29.
The record date for participation in the AGM is April 20. Shareholders on record on June 9 will be entitled to dividends.
Inter RAO manages assets in Russia as well as in Europe and the CIS. The installed capacity of Inter RAO's power stations is 35 GW. The company is the Russian electricity import and export operator.
State companies own more than 51% of Inter RAO. The biggest of them is OJSC Rosneftegaz with 27.63%. The state also has a golden share. Federal Grid Company (FGC UES) owns 18.6%, the quasi-treasury stake is 19%, MMC Norilsk Nickel holds 13.21%, RusHydro owns 4.92% and minority shareholders hold 16.65%.
Inter RAO has 104.4 issued ordinary shares, par value 2.809767 rubles each.
