The board of directors of Russian steelmaker Severstal has recommended paying 35.61 rubles per share, or 29.83 billion rubles, in dividends for July-September, the company said in a statement on October 17.
The shareholders will discuss the recommendation at an extraordinary general meeting on November 24. The register for the meeting closes on October 30. The record date for the dividends is December 5.
In 2016, Severstal paid 24.96 rubles per share, or a total of 20.91 billion rubles, in dividends for July-September. The company also paid 22.28 rubles per share or 18.66 billion rubles in dividends for April-June, and 24.44 rubles per share or 20.5 billion rubles in dividends for January-March.
Alexei Mordashov, chairman of the board of directors of Severstal, holds 79.2% in the company. (Prime/Ukrainian metal)