Magnitogorsk Iron and Steel Works held an annual meeting of the shareholders.
They have approved of the annual report and the accounting report for 2016, as well as decided to pay dividends for 2016 in the amount of 1.242 rubles per share.
Earlier the shareholders received dividends for the first half of 2016 in the amount of 0.72 rubles per share.
The shareholders also decided to turn MMK into a public joint stock company. (Ukrainian metal)