Russia's Novatek Recommends 1H Dividend Of 6.95 rbls Per Share

Reuters

MOSCOW, Aug 25 (Reuters) - The board of Russia's largest non-state gas producer Novatek has recommended a first-half dividend payment of 6.95 roubles per share, 0.7 percent higher than in the previous year, the company said on Friday.

The total payout stands at 21.1 billion roubles ($356.7 million), Novatek said.

The company also obtained new licenses for the Yamal and Gydan peninsulas in Russia's Arctic region.

($1 = 59.1460 roubles)

(Reporting by Vladimir Soldatkin; Editing by Jack Stubbs)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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