26 Apr 2011 12:16

Lukoil to boost dividend 13.5% to 59 rubles a share, below forecast

MOSCOW. April 26 (Interfax) - Directors at Lukoil are recommending that shareholders accept a dividend of 59 rubles a share for 2010, the oil producer said in a statement.

This would be 13.5% above the 52 rubles paid for 2009 but some way short of the 20% growth to 62.5 rubles that analysts predicted in a consensus forecast.

The AGM will take place in Moscow on June 23, Lukoil said. Shareholders in record as of May 6 will be eligible to vote.