Alrosa Proposes Increased Dividend
June 12, 03
Alrosa’s supervisory board is going to recommend shareholders at their annual general meeting in two weeks to pay a 3,500 ruble ($14.60) dividend per share.
If the offer is accepted, Alrosa is expected to pay a total of $22.2 million, Alrosa’s vice president Fyodor Andreyev said Wednesday. In the past two years Alrosa paid 3000 rubles a share in dividends.
Other issues on the agenda for Alrosa’s shareholder meeting are the election of a new supervisory board, audit commission and external auditor. The current board has 15 members, six representatives of the federal government, six of Yakutia’s government, and three of the company’s management.