10 May 2012 09:22

Surgutneftegas board to discuss dividend recommendations on May 18

MOSCOW. May 10 (Interfax) - The board of directors of Surgutneftegas will consider recommendations on dividends for 2011 on May 18, the oil company's chief executive, Vladimir Bogdanov told Interfax.

He did not specify the amount of dividends to be recommended, but said "they will be good."

Surgutneftegas expects dividends for 2011 to be higher than for 2010, when the company paid out 26.709 billion rubles, or 1.18 rubles per preferred share and 0.50 rubles per common share.