Russia's Severstal may pay 4 rbl dividend for 2007

MOSCOW, March 12 (Reuters) - Russian steel maker Severstal (CHMF.MM: Quote, Profile, Research) (CHMFq.L: Quote, Profile, Research) said on Wednesday its board of directors has recommended a dividend of 4 roubles ($0.168) per share and per global depositary receipt for the full year 2007.

Severstal, Russia's largest steel maker including foreign assets, said in a statement approval of the dividend payment was expected at its annual general meeting on June 27.

The record date would be May 15, 2008. Each GDR represents one share in the company. (Reporting by Robin Paxton, editing by Maria Kiselyova)