Bloomberg News

TNK-BP Holding Plans to Pay Out 9.96 Rubles a Share for 2011

May 22, 2012

OAO TNK-BP Holding (TNBP), the traded assets of BP Plc (BP/)’s joint venture with a group of Russian billionaires, plans to pay a full-year dividend of 9.96 rubles (32 cents) per common and preferred share for 2011.

That’s in addition to the 3.41 rubles a share TNK-BP Holding paid out for the first half of 2011, the Moscow-based company said in a regulatory filing today.

Shareholders will vote on the issue at a June 28 meeting. If approved, the total payout for 2011 will reach 207 billion rubles ($6.7 billion), according to the statement.

To contact the reporter on this story: Stephen Bierman in Moscow at sbierman1@bloomberg.net

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


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