Gazprom Board Recommends 2012 Dividend of 5.99 Rubles a Share

OAO Gazprom’s board recommended a 2012 dividend of 5.99 rubles a share, in line with a proposal in April by the company’s management, Russia’s state natural-gas exporter said today in an e-mailed statement.

The payout is less than the prior year’s 8.97 rubles after net income fell 37 percent under Russian Accounting Standards.

To contact the reporter on this story: Jake Rudnitsky in Moscow at jrudnitsky@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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