Nickel Investing News » Norilsk Nickel Suggests $1.3B from 2009

Norilsk Nickel Suggests $1.3B from 2009

May 27, 2010 @ 5:30 pm In Nickel Market News

The board of Norilsk Nickel ^[1] (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."

Click here to access the entire news ^[2]

Article printed from Nickel Investing News: http://nickelinvestingnews.com

URL to article: http://nickelinvestingnews.com/1327-norilsk-nickel-suggests-1-3b-from-2009.html

URLs in this post:

[1] Norilsk Nickel: http://www.nornik.ru/en/

[2] Click here to access the entire news: http://www.reuters.com/article/idUSLDE64Q1BO20100527