May 17, 2017 / 6:45 AM / 2 months ago

BRIEF-Russia's Etalon raises target dividend payout range

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May 17 (Reuters) - Etalon Group Ltd says:

* The board of directors resolved to increase target dividend payout range from current level of 30%-50% to 40%-70% of consolidated IFRS net income;

* The board will continue to consider semi-annual dividend payments;

* This policy will take effect starting with Etalon Group's IFRS financial results for first half of 2017 Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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