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BRIEF-Russia's X5 Retail Group approves dividend policy
September 22, 2017 / 7:24 AM / in 3 months

BRIEF-Russia's X5 Retail Group approves dividend policy

Sept 22 (Reuters) - Russia’s X5 Retail Group says:

* Supervisory board approved the dividend policy that set a target payout ratio of at least 25 percent of X5 Retail Group’s consolidated IFRS net profit;

* When considering a dividend proposal to general meeting of shareholders, the supervisory board will be guided by a target consolidated net debt to EBITDA ratio of below 2.0x;

* Supervisory board intends to consider a dividend proposal for 2017 in accordance with new dividend policy. Source text for Eikon: Further company coverage: (Reporting by Moscow Newsroom)

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