PhosAgro could pay 32.5 rubles a share for 2011 on top of interim div

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PhosAgro could pay 32.5 rubles a share for 2011 on top of interim div

MOSCOW. April 11 (Interfax) - Directors at PhosAgro are recommending a dividend of 32.5 rubles a share for 2011, the fertilizer producer said in a statement.

If approved by the AGM, this would bring PhosAgro's total dividends for the nine month period of April-December 2011 to 7,157,432,100 rubles, or 57.5 rubles per share (19.167 rubles per GDR). Pending AGM approval of the recommended 2011 dividend, PhosAgro's total dividend payments in 2011 (including for January-March 2011 and April-September 2011) will amount to over 11 billion rubles.

Shares have par value of 2.5 rubles each.

The dividends will be put to the vote at the AGM on May 30. The register closes on April 18.