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Real Estate Firm Etalon to Pay Out Up to 30% of Earnings in Dividends

Russian real estate developer Etalon Group said Monday it aimed to pay between 15 and 30 percent of net profit in dividends.

The company said its board would recommend twice yearly payments within this range, subject to development funding needs and pre-sales dynamics, with the policy taking effect starting with the financial results for the second half of 2013.

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