Rosneft allocates 25% of profit for dividends
The board of directors of Russia’s state-controlled oil giant Rosneft has recommended that 25% of the company’s net profit be allocated for dividend payouts for 2012, RIA Novosti reported citing the company. A total amount of RUB 85.3 billion ($2.7 billion) (RUB 8.05/share= $0.25/share) will be spent on dividends, Rosneft said in a statement. The company’s annual general meeting of shareholders has been scheduled for June 20, 2013, with the shareholder register for dividend payouts closing on May 6.
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