25 Aug 2011 10:09

Severstal set to pay 4.37 rubles per share for H1

MOSCOW. Aug 25 (Interfax) - The board of directors of Severstal has recommended that shareholders approve an interim dividend of 4.37 rubles per share for the first half of 2011, the company said in a statement.

Shareholders will vote on the measure at an extraordinary meeting on September 30.

The company paid 3.9 rubles per share for the first quarter of 2011 or a total of 4.2 billion rubles ($152 million).

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