TNK-BP Dividend Rises

摘要

The board of TNK-BP Holding has recommended a dividend of 2.12 rubles (7￠) per share for the second half of 2008. Payouts over the year will amount to 80.2 billion rubles - or roughly 100% of 2008 net profits under Russian accounting standards. The publicly traded subsidiary of Russian-UK joint venture TNK-BP International allocated 49 billion rubles in dividends in 2007. Analysts say the recommendations - set to be approved at the annual shareholders meeting this month - will likely be received positively by stock markets (IOD May18,p8).