LUKOIL BoD recommends that the OAO LUKOIL Extraordinary General Shareholders Meeting adopt a decision on interim dividend payment in the amount of 60 rubles per ordinary share, LUKOIL says in its press release. Starting from 2012, in accordance with amendments to the OAO LUKOIL Charter, the Company began to pay interim dividends to increase the investment attractiveness of its shares.
The Board of Directors also recommended that the Extraordinary General Shareholders Meeting set 26 December 2014 as the date on which persons entitled to receive interim dividends will be determined.
The Company confirms the dividend payment growth strategy. It is expected that based on the 2014 financial performance of OAO LUKOIL, the growth of the annual dividends per ordinary share in rubles may reach at least 15% as compared to that of 2013.