June 7, 2019 / 12:44 PM / a month ago

Russia's GAZ recommends no 2018 dividend for ordinary shares

MOSCOW, June 7 (Reuters) - The board of Russian van maker GAZ, which is under U.S. sanctions, recommended on Friday not paying dividends on ordinary shares for 2018.

The board recommended paying a dividend of 3.92 roubles ($0.0604) per share on preference shares for the last year.

$1 = 64.9225 roubles Reporting by Polina Ivanova; writing by Tom Balmforth; editing by Jason Neely

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