28 Apr 2014 11:24

Novorossiysk Commercial Sea Port set to pay 0.023 rubles per share for 2013

MOSCOW. April 28 (Interfax) - The board of directors of Novorossiysk Commercial Sea Port (NCSP) has recommended to shareholders a dividend of 0.023364 rubles per share for 2013 or a total of 449.986 million rubles, the company said in a press release.

NCSP paid a dividend for 2012 equal to 0.02363 rubles per share or a total of 454.917 million rubles.

In other words, the dividend recommendation for 2013 is just 1.1% less than a year earlier, although net profit in 2013 was 2.6 billion rubles, 50% less than in 2012.

The board of directors scheduled the AGM for June 27. The register of shareholders for the meeting will close on May 7.

Shareholders of record on July 9, 2014 will be eligible to receive the dividend, which will be payable in the period July 9-July 22 for nominal shareholders and professional market participants, or in the period July 9-August 12 for other shareholders.