M.Video, a Russian electronics retailer, plans to pay a record first-half dividend, Vedomosti reported, citing remarks by Chief Financial Officer Christopher Parks during a conference call yesterday.
The company’s board will recommend that shareholders approve a payout of as much as 30 rubles per share, or a total of 5.39 billion rubles ($167 million), the newspaper said. M.Video has enough cash to open more stores and doesn’t see attractive acquisition opportunities, according to Vedomosti.
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