14 Mar 2012 14:06

Lukoil could boost 2012 dividends 25%

LONDON. March 14 (Interfax) - Lukoil could boost 2012 dividends 25%.

Lukoil said in London at a presentation of its 2012-2021 Strategic Development Program that the new program "focuses on increasing the investment appeal and a dramatic growth of payments to shareholders."

"Thus, the dividend payments are expected to increase by 25% in 2012. In the foreseeable future, the growth of dividend payments may be many-fold compared with those in 2011. The growth of dividend payments will be covered by the growing cash flows due to the great appeal of investment projects," the company said.