The board of directors of the Russian steelmaker Severstal recommended paying 35.43 rubles per share, or a total of about 29.68 billion rubles, in dividends for January–March, the company said.
The shareholders will consider the recommendation at an extraordinary general meeting scheduled for June 7, the register for the meeting will close on May 13, and for dividends on June 18.
The company paid 38.32 rubles per share in dividends for January–March 2018.
Severstal’s key beneficiary is Alexei Mordashov, with 77.03% shares. (Prime/Ukrainian metal)