Billionaire Yevtushenkov's Bashneft to Pay $594 Million Dividend for 2009

OAO Bashneft, the oil arm of billionaire Vladimir Yevtushenkov’s AFK Sistema’s holding company, plans to pay $593 million in dividends for last year.

Bashneft’s board recommended shareholders approve paying out 109.65 rubles ($3.49) for each common and preferred share, the company said in a regulatory filing today. Bashneft has 170.2 million shares outstanding, according to Bloomberg data.

To contact the reporter on this story: Maria Ermakova in Moscow at mermakova@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.