Norilsk Nickel Suggests $1.3B from 2009
The board of Norilsk Nickel (GMKN.MM) recommended a bumper $1.3 billion dividend on 2009 results. The move is enabling its shareholders, including two Russian giant miners to cash in for return to profit.
Chief Executive Vladimir Strzhalkovsky is quoted saying:
“Despite the fact that we had a recommendation to pay out 20-25 percent of net profit, it was decided to pay 50 percent, or $1.325 billion.”
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Thu, May 27, 2010
Post by Mike Rodger, Nickel Reporter