28 May 2004 04:42
Transneft board recommends higher dividends
MOSCOW. May 28 (Interfax) - The board of Russian oil pipeline monopoly Transneft on Friday recommended shareholders
approve 2003 dividends of 3.96 billion rubles, up almost 50% on 2002, the company told Interfax.
The board proposes spending 2.38 billion rubles, or 509.6 rubles per common share, and 1.58 billion, or 1,019.11
rubles per preferred share.
Dividends for 2002 totaled 2.64 billion rubles and were paid at 278.7 rubles per common (1.3 billion) and 864.95
rubles (1.34 billion) per preferred share.
Transneft has charter capital of 6.22 million rubles, split into 4.66 million common and 1.55 million preferred
shares with par value of 1 ruble. The Property Ministry owns all common shares (75% of charter capital) on behalf of the
government and preferred shares are held by private shareholders. [RU ASIA EUROPE EEU EMRG ENR DIV CORA] me
[Interfax] |
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