Russian oil major OAO Gazprom Neft (SIBN.RS) will pay no less than 15% of its net profit under U.S. GAAP standards in dividends, the company said Tuesday following a board meeting.
Russian oil major OAO Gazprom Neft (SIBN.RS) will pay no less than 15%
of its net profit under U.S. GAAP standards in dividends, the company said
Tuesday following a board meeting.
The decision will formalize the company's dividend policy, Gazprom Neft said in
a statement.
Gazprom Neft, 96%-owned by state-controlled gas firm OAO Gazprom (GAZP.RS),
paid 5.4 rubles ($0.18) per ordinary share in dividends for 2008.
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