Norilsk Gains Most in 2 Weeks on Dividend Revision: Moscow Mover
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OAO GMK Norilsk Nickel gained the most in almost two weeks after its main owners gave the world’s biggest nickel and palladium producer added flexibility in dividend payouts, revising a 10-year shareholder accord.
The stock rose as much as 3.1 percent, and traded up 1.6 percent at 4,746 rubles by 3:49 p.m. in Moscow, the biggest intraday gain since Sept. 19. The volume of shares was equivalent to 115 percent of the three-month average. The benchmark Micex Index climbed 0.3 percent.