Russia's Gazprom says board recommends 2016 dividend of 8.04 rbls/share

MOSCOW: The board of directors of Russia's gas giant Gazprom has recommended a dividend payout of 8.0397 roubles ($0.1397) per share on 2016 results, the company said on Thursday.

This represents 20 percent of net income under International Financial Reporting Standards.

The payout was above the 7.89 roubles per share previously recommended by the management board. Gazprom also paid 7.89 roubles per share on 2015 results.