April 23, 2020 / 7:02 AM / a month ago

Russia's Rosneft says board recommends 2019 dividend of 33.41 rbls/share

MOSCOW, April 23 (Reuters) - The board of directors of Russia’s largest oil producer Rosneft has recommended paying 33.41 roubles ($0.4447) per share in total dividends on 2019 profit, the company said on Thursday.

This amount takes into account the payment of 15.34 roubles per share in dividends for the first half of the year. According to Rosneft’s dividend policy it pays half the profit in dividends. The board also said that Rosneft’s annual general shareholders meeting will be held online on June 2. The record date for the list of eligible participants of the AGM is set for May 8.

BP has 19.75% of Rosneft’s shares, Qatari QH Oil Investments fund holds 18.93%.

For the whole of 2018, Rosneft paid 25.91 roubles per share in dividends.

$1 = 75.1364 roubles Reporting by Vladimir Soldatkin; Editing by Toby Chopra

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