Support The Moscow Times!

Rosneft to Double Dividend

Rosneft's board of directors said it had approved a decision to nearly double a planned dividend payout for 2011 after President Vladimir Putin effectively ordered an increase in dividends at the state-owned giant.

The world's top holder of oil reserves said Tuesday that the board approved an additional dividend of 4.08 rubles ($0.13) per share at a meeting Monday, bringing the total 2011 payout to 7.53 rubles per share.

An extraordinary shareholder meeting will be held on Nov. 30.


Related articles:

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.