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Acron Fertilizer Maker Rebounds on Dividend Recommendation

Nov. 3 (Bloomberg) -- Shares of OAO Acron rebounded after the fertilizer producer recommended paying a 129 ruble dividend for the first nine months of the year, according to a regulatory filing from the today.

The stock added as much as 4.6 percent, its biggest intraday gain in almost a week, before paring its advance to a 2.9 percent increase to 1,240.10 rubles as of 3:07 p.m. in Moscow.

To contact the reporter on this story: Alex Nicholson in Moscow at anicholson6@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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