PhosAgro, one of the world’s biggest phosphate-based fertilizer producers, has increased its dividend payments by 2.5 billion roubles, says a press statement.
The meeting of the board of directors held on April 5 gave the go-ahead to the additional allocation of 4Q profits in the form of dividends.
The decision is now pending approval by the Annual Meeting of Shareholders set on 10 June 2013.
PhosAgro’s total dividend payments since its IPO in July 2011 will amount to nearly 17.5 billion roubles, or 140.4 roubles per share (46.8 roubles per GDR).
Author: Mikhail Vesely