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Billionaire Yevtushenkov’s Bashneft to Pay $594 Million Dividend

May 21 (Bloomberg) -- 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.

Link to Company News:{AFKS RU <Equity> CN <GO>} Link to Company News:{BANE RU <Equity> CN <GO>} Link to Company News:{SITR RU <Equity> CN <GO>}

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

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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