The annual general meeting of shareholders of national pipeline operator Transneft has approved the payout of RUB 301.31 (approx. USD 9.28) per ordinary share and RUB 716.58 (approx. USD 22.07) per preferred share in dividends for 2011, RBC reports citing the company's statement.
The dividend payout will total RUB 2.78bn (approx. USD 85.62m) or 25% of Transneft's net profit of RUB 11.142bn (approx. USD 343.15m).
Transneft paid out RUB 132.34 (approx. USD 4.08) per ordinary share and RUB 314.73 (approx. USD 9.69) per preferred share in dividends for 2010.
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