RAO UES to pay dividends for 2003
RosBusinessConsulting. Wednesday, Jun. 30, 2004, 6:29 PM Moscow Time
RAO UES shareholders have approved RUR0.0469 per common share and RUR0.2283 per preferred share in dividends for 2003 at their annual general meeting, which took place in Zelenograd today. Thus, the company will allocate RUR1.924bn (about $66m) for dividend payments for 2003 including RUR473.7m for payments on preferred shares. This is a 20.64-percent increase in dividend payments compared to 2002. In 2002 the company allocated RUR2bn (about $68m) for dividends, which is a 50-percent yearly increase.
