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.
(Reuters)
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
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 every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
