Russian national telecoms holding Svyazinvest will pay dividends for 2011, Deputy Prime Minister Arkady Dvorkovich said on Friday.
“We have funds to pay dividends this is why the decision [to pay them] will be fulfilled. [The company] has enough funds to pay dividends of 13 percent from [the net profit],” Dvorkovich told reporters.
Svyazinvest General Director Vadim Semyonov said the holding had received a directive to vote for a dividend payment approval, and said it would higher than in 2010, but did not give a figure.
In 2010 Svyazinvest paid 669.5 million rubles ($20.670 million) worth of dividends, a 25 percent share of the company’s net profit.