April 25, 2018 / 3:10 PM / 7 months ago

Russia's Rosneft says 2017 dividend seen at 10.48 rbls/share

MOSCOW, April 25 (Reuters) - The board of Russia’s largest oil producer Rosneft has recommended full-year 2017 dividend of 10.48 roubles per share, or 50 percent of its annual income, the company said on Wednesday.

This includes 3.83 roubles per share on the first-half 2017 results and 6.65 for the second half of the year. The company’s 2016 dividend payment totalled 5.98 roubles per share.

Total dividend payout will reach 111.1 billion roubles ($1.78 billion) of 222 billion roubles in 2017 net income.

State holding Rosneftegaz owns just over 50 percent in Rosneft, BP has a 19.75 percent stake. ($1 = 62.3250 roubles) (Reporting by Vladimir Soldatkin; editing by Polina Devitt)

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