Aeroflot to Pay 66% Higher 2011 Dividend

Shareholders of Russia’s flagship airline Aeroflot voted at their annual meeting on Monday to pay 66 percent higher dividends for 2011 compared to the previous year.

The airline’s dividend payment will amount to about 2.008 billion rubles ($61 million) or 1.8 rubles per share, which equals almost 19.2 percent of the airline’s 2011 net profit calculated under Russian Accounting Standards.

Aeroflot’s 2010 dividend amounted to 10 percent of its net profit of 1.2 billion rubles.

Aeroflot’s issued share capital consists of 1.11 billion ordinary shares with a par value of one ruble each.

The Russian government holds a 51.17 percent stake in Aeroflot, while structures close to businessman Alexander Lebedev control about 15 percent.


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