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Russia's Rostelecom board recommends annual divs

Russia's Rostelecom said its board of directors had recommended paying a 2008 dividend of 2.91 rubles ($0.086) per preference share and 1.94 rubles per ordinary share.

The company, which is Russia's leading long-distance telecom provider, said in a statement the total amount of the proposed dividend would be 2.12 billion rubles, or 30% of its net profit for the year. (Reuters)