Focus Companies

TNK-BP to pay out generous 9M2010 interim dividends

Thursday, Oct 14, 2010 at 8:30 am in Oil & Gas
Posted by Bill Pradi, Senior Analyst

The Board of Directors of TNK-BP Holding (TNBP:RU) has recommended paying out a 9M2010 interim dividend of RUB 8.04 per each common and preferred share, the company reported October 12. 

Shareholders are to affirm the decision at an EGM due November 18. Dividends are to be paid out in cash within 6 months after the EGM, i.e. by May 18. October 12 was the cutoff date.

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