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Gazprom’s Board of Directors Meeting on dividends scheduled for mid-May

The size of dividend payments has not been decided yet

HANNOVER, April 8 (Itar-Tass) – Gazprom’s Board of Directors Meeting on dividends will take place in the middle of May, but the size of dividend payments has not been decided yet.

“The Board of Directors on dividends is scheduled for mid-May, the size of dividends is still unclear,” Gazprom Board Chairman Viktor Zubkov told reporters on Monday.

Last year Russia’s gas giant approved record high dividends for shareholders by the results of 2011 – 25 percent of net income by the Russian accounting standards – 212.4 billion roubles or 8.97 rouble per share.