The board of Acron recommended paying 46 rubles ($1.45) per share in dividends for the fourth quarter of 2011, which is more than the dividend paid for the whole of 2010, the company said Friday.
Together with dividends paid for the first nine months of 2011, total payout for last year is expected to jump to 175 rubles per share, up from 40 rubles per share paid a year earlier.
Total payout for 2011 would amount to 8.35 billion rubles, with the record date of May 11, Acron added. Acron saw a net profit of 20.3 billion rubles last year, up from 6.3 billion rubles in 2010 on the heels of strong demand for fertilizers.
(Reuters)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
