Gazprom management board recommends 5.99 rubles/share in 2012 dividends - source
MOSCOW. April 11 (Interfax) - Gazprom's management board has recommended dividends of 5.99 rubles per share for 2012, a source familiar with the situation told Interfax.
The Russian gas giant shelled out 8.97 rubles per share in dividends for 2011.
Gazprom calculates dividends from the parent company's net profit to Russian standards. Last year, net profit dropped 37% to 556.34 billion rubles due to retroactive payments to European consumers after past contracts were revised.
Gazprom said in a press release that the management board also weighed issues regarding preparations for and the convocation of the annual general shareholder meeting, which is scheduled for June 28 in Moscow.
The management board will propose that the board of directors put the candidature of CJSC PricewaterhouseCoopers Audit as auditor to a vote at the annual meeting.