April 3, 2017 / 7:33 AM / 6 months ago

BRIEF-Russia's Sistema approves final 2016 dividend, amends policy

April 3 (Reuters) - Russia’s holding company Sistema says:

* The board of directors has recommended a final dividend for 2016 of 0.81 roubles ($0.0145) per share, or 7.8 billion roubles in total;

* The total amount of the interim and final dividends for 2016 is expected to be 11.5 billion roubles, which is equivalent to a dividend yield of 6 percent based on Sistema’s weighted average share price in 2016;

* Sistema has adopted a new dividend policy targeting minimum annual dividend per share and minimum dividend yield;

* On April 1, 2017, Sistema’s board approved increases of minimum annual dividend yield to 6 percent from 4 percent and minimum dividend per share to 1.19 roubles from 0.67 roubles. Further company coverage: ($1 = 56.0363 roubles) (Reporting By Moscow Newsroom)

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