The dividend threshold for Russian state-owned companies will be increased.
The Russian government has approved amendments to the dividend policy for state-owned companies. As a result, the dividend threshold for such companies has been increased from 25% to 50%.
According to the proposal of the Russian Ministry of Finance, starting from 2015 onwards state-owned companies and their subsidiaries are obliged to distribute as dividend payments 50% of their net profit result.
Contact:
Yuliya Shibukova
Relationship Manager
GSS Russia
Yuliya.Shibukova@unicredit.ru