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Moscow Exchange proposes to up per-share dividend payment

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Moscow Exchange proposes to up per-share dividend payment

The supervisory board of PJSC Moscow Exchange MICEX-RTS recommended that its shareholders approve a dividend payment of 12.45 billion Russian rubles or 5.47 ruble per share from the company's 2017 IFRS net profit.

Together with an interim dividend of 5.67 billion rubles, or 2.49 ruble per share, already paid in 2017, the total recommended dividend amounts to 7.96 rubles per share, or 18.12 billion rubles, and constitutes 89% of the company's financial result, the stock exchange operator said March 2.

The shareholders meeting will take place April 26. The dividend record date was set for May 15.

The dividend payment from Moscow Exchange's 2016 profit was equivalent to 7.68 rubles per share and constituted 69.4% of the financial result.

As of March 2, US$1 was equivalent to 57.11 Russian rubles.