Bloomberg News

Gazprom’s TGK-1 Utility to Pay 187.9 Million Rubles in Dividend

April 16, 2012

OAO TGK-1, a power producer controlled by Russia’s OAO Gazprom, plans to pay 187.9 million rubles ($6.34 million) in dividends for last year.

TGK-1’s board recommended that shareholders approve a payout equating to 5 percent of net income, the utility said today in a website statement. Profit was 3.76 billion rubles last year, TGK-1 said.

To contact the reporter on this story: Anna Shiryaevskaya in Moscow at ashiryaevska@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net


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