Dividends

Norilsk Nickel must decrease dividends not to be deep in the hole

In December of the last year, the main shareholders of Norilsk Nickel agreed to end their conflict, to direct their energies to the company’s development and share results of this work – up to $9 billion were planned to be transferred for dividends in 2012-2014. But the market edited the situation – in this period, the nickel price fell from $18 thousand to $14 thousand per ton.
The company’s owners thought about a change of the size of dividend payments, a source, who is familiar with the course of negotiations, reported to the agency Prime. Interros,UC Rusal and Millhouse declined to comment on the situation.

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On August 8, Lukoil’s Board of Directors will discuss convocation of extraordinary shareholders session

On August 8, Lukoil’s Board of Directors will discuss the convocation of the extraordinary shareholders session. Earlier the chief of the company V. Alekperov said that Lukoil was going to pay interim dividends for H1 2013. The corresponding decision can be admitted at the extraordinary shareholders session.
Lukoil’s shareholders decided at the extraordinary session on December 18 2012 to pay interim dividends for H1 2012 at a rate of 40 rubles per stock, that happened for the first time in history of Lukoil.

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Transneft increases dividends-2012 1.7 times – to 4.865 billion RUR

The shareholders of Transneft decided to increase the dividends for 2012 1.7 times compared to 2011 – to 4.865 billion RUR, is said in the company’s report.
The list of the persons to obtain the dividends will be made on May 30, 2013. The dividends for ordinary and preference shares are equal and make up 685.10 RUR per share, though Transneft used to pay more for preference shares. 3.8 billion RUR will be paid for ordinary shares and 1.065 billion RUR – for preference shares.

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Gazprom declines dividends for 2012 by 33% to 5.99 rubles per stock. Members of the Board of Directors will get by 18.545 million rubles

At the annual shareholders session of Gazprom, they decided to decline dividends for 2012 by 33% to 5.99 rubles per stock with face value of 5 rubles. Its dividends for 2011 were rubles per stock, by 2.3 more than those for 2010. Total allocations to dividends payment for 2012 will be 141.804 billion  rubles. The direct state shareholding of 38.373% shares 54.415 billion rubles in particular. Allocations to the investment purposes will be 414.536 billion rubles versus 636.679 billion rubles a year ago.

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Tatneft shareholders will discuss the suggestion about enlargement of dividends for 2012 by 21.5%

Tatneft shareholders will discuss the suggestion about enlargement of dividends for 2012 by 21.47% to 8.6 rubles per equal and preference share. The registry of participation in the session was closed on May 13.
In 2012, Tatneft increased net profit by RAS by 21.7% to 66.7 billion rubles. The company’s dividends policy proposes dividends payment of 30% of net profit by RAS. In 2011, Tatneft increased net profit by RAS by 1.45 times to 54.88 billion rubles. Dividends for 2011 were 7.08 rubles per stock, by 41% more than a year before.

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Zarubezhneft recognized as “an instrument of foreign policy”

The state will postpone the real privatization of Zarubezhneft to the end of the decade, the company’s IPO will be conducted by 2020. By 2016 only the state funds to which 10% of shares are proposed can be included in the capital of Zarubezhneft. The Federal Agency for State Property Management believes, this is the way to take into account the strategical interests of the state and keep the company’s international contracts.
By 2020 the share of the state in Zarubezhneft can reduce to 50% plus share, the head of the Federal Agency for State Property Management Olga Dergunova said yesterday. As she has reported, by 2016 only 10% of the company’s shares will be privatized “in order to improve the corporate management and obtain additional long-term money”. At the same time she added, the structure of the transaction hadn’t been discussed yet and by 2020 the state would decide on further privatization proceeding from the state of the company’s investment projects.

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Rosneft will elaborate approaches to BP-TNK dividends concerning sole dividend policy

Rosneft is going to additionally elaborate approaches to BP-TNK Holding JSC dividends concerning sole dividend policy, the Vice President of Rosneft I. Maidannik says, opening the common shareholders meeting of BP-TNK Holding. Rosneft thinks it’s necessary to additionally elaborate approaches to profit distribution and dividends payment of BP-TNK Holding concerning sole dividend policy of the united company.
The shareholders of BP-TNK Holding were recommended to admit decision not to pay dividends for 2012.

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Transneft can equalize dividends for 2012 to 685.1 rubles per equal and preferential share

The Russian oil transporting company can increase dividends  for 2012 by 1.7 times to 4.865 billion rubles. The date of the compilation of the shareholders able to get the dividends is May 30 2013. The Board of Directors recommends to equalize dividends  for 2012 to 685.1 rubles per equal and preferential share, whereas within the previous year Transneft usually paid more for preferential shares. The Board recommends to allocate to dividend payment in the total 3.8 billion rubles to equal shares, and 1.065 billion rubles  to preferential shares.

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Slavneft to reduce the total mount of dividends for 2012 by 5 times to 1.8 billion rubles

The Board of Directors of Slavneft, the joint venture of BP-TNK and Gazprom Neft recommended the shareholders to agree the decision about payment of the final dividends  for 2012 at a rate of 0.06 rubles per stocks, 285.254 million rubles in the total. Interim dividends of Slavneft for January – September 2012 were 1.521 billion rubles, or 0.32 rubles per stock. Thus, total sum of dividends  for 2012 can be 1.806 billion rubles.

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Sechin: Minority shareholders of BP-TNK can count on dividends’ paying corporate standards of Rosneft only from March 21, 2013

The corporate standards of Rosneft can be valid for the minority shareholders of BP-TNK Holding only from the moment of closing of the purchase transaction, i.e. March 21, 2013, the Head of Rosneft Igor Sechin said.
He added, the dividends for 2012 were the responsibility of the former shareholders of BP-TNK.

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