28 May 2004 00:48
MMK steel works pays higher dividends
MOSCOW. May 28 (Interfax) - Shareholders of Magnitogorsk Metallurgical Combine (MMK), Russia's biggest steel
mill, accepted 2003 dividends of 0.027 rubles on common shares and 0.081 rubles on preferred shares, more than twice the
previous year's payout, MMK told Interfax following the company's AGM.
MMK will pay a total of 430 million rubles for 2003. It paid 175 million rubles or 0.011 rubles on common shares and
0.0331 rubles on preferred shares for 2002.
The Russian State Property Ministry owns a 23.76% voting stake (17.82%) in MMK. The steel mill's management
controls 58% and the Yuzhny Kuzbass Coal Company 16%.
Charter capital is 10.63 billion rubles, consisting of 7.973 billion common shares and 2.656 billion preferred
shares. [RU ASIA EUROPE EEU EMRG STL DIV CORA] pr
[Interfax] |
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