Rus­sia poised to raise state firms’ div­i­dends

China Daily (Canada) - - BUSINESS -

Rus­sia is near­ing a de­ci­sion to dou­ble div­i­dends paid by state-owned com­pa­nies on last year’s profit as the gov­ern­ment strug­gles to cover a widen­ing bud­get deficit, ac­cord­ing to an of­fi­cial at the Fed­eral Prop­erty Man­age­ment Agency. Adraft de­cree on the pro­posal to raise the pay­out to a min­i­mum of 50 per­cent of net in­come from 25 per­cent has been sub­mit­ted to the cab­i­net, the of­fi­cial said.

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