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. Last Updated: 07/27/2016

Tatneft Approves Dividend

Oil company Tatneft said Thursday that its board had recommended a 2009 dividend of 6.56 rubles per share, an increase of 48 percent from 2008’s dividend pay out.

The company did not disclose the record date, but a source in the firm said the dividend record date is set for May 10.

The oil firm said it will pay 30 percent of its 50.9 billion ruble ($1.73 billion) net profit to Russian Accounting Standards for full-year 2009 as dividends.