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. Last Updated: 07/27/2016

Lower Payouts Likely

MOSCOW -- Most of Russia's enterprises that have been turned into joint-stock companies under the voucher privatization plan will have to pay lower-than-expected dividends, Itar-Tass quoted Vladimir Shein, director of the Investment Industrial-Financial Corporation as saying. Shein quoted Central Bank data as saying that over half of the 15,000 enterprises converted to joint-stock companies had failed to improve their financial position and would thus struggle to match initial dividend promises.