14 Apr 2011 19:54

MGTS to pay 197.94 rubles per ordinary, preferred share in 2010 dividends

MOSCOW. April 14 (Interfax) - The board of directors at OJSC Moscow City Telephone Network (MGTS) has recommended that company shareholders vote to confirm dividends for 2010 at 197.94 rubles per both ordinary and preferred share.

The total ordinary-share dividend payout will be 15.8 billion rubles (50% of undistributed profit to Russian Accounting Standards) and 3.16 billion rubles (10%) for prefs.