The Ukrainian Metal

Russia: Severstal owners approve dividends for Q3 2017

The shareholders of Russian steelmaker Severstal have approved paying 35.61 rubles per share in dividends for July-September.

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)

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