Support The Moscow Times!

Acron Dividend Way Up

The board of Acron recommended paying 46 rubles ($1.45) per share in dividends for the fourth quarter of 2011, which is more than the dividend paid for the whole of 2010, the company said Friday.

Together with dividends paid for the first nine months of 2011, total payout for last year is expected to jump to 175 rubles per share, up from 40 rubles per share paid a year earlier.

Total payout for 2011 would amount to 8.35 billion rubles, with the record date of May 11, Acron added. Acron saw a net profit of 20.3 billion rubles last year, up from 6.3 billion rubles in 2010 on the heels of strong demand for fertilizers.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more