Moscow’s Acron Group Board on Sept. 7 recommended a dividend payment in cash of RUB30 (approximately $0.409 at current exchange rates) per share from retained earnings – a total allocation of RUB1.103 billion.
The dividend payment will be put up for approval by shareholders at an extraordinary general meeting to be held as an absentee vote on Sept. 29.
Acron Group last month reported a first-half net profit of RUB26.68 billion, up from the year-ago loss of RUB986 million (GM Aug. 27, p. 26). In U.S. dollar equivalent, first-half 2021 net profit was $400 million.