The Yandex Board of Directors recommended that shareholders pay dividends on ordinary shares in the amount of 80 rubles. on paper, the company said in a statement .
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The Yandex board of directors recommended paying the first dividends in the company's history – 80 rubles per share. The last day for purchasing securities for payments may be September 19. Yandex shareholders will make the final decision at a meeting on September 9
At the end of July, Yandex announced plans to pay dividends for the first time in a report on unaudited financial results. The company expects that in the future it will be able to pay dividends based on the results of six months. In March, Yandex approved its dividend policy: it states that the source of payment is net profit for the reporting period, but the specific share is not specified.
The board of directors also decided to place an additional 15.61 million shares by private subscription.
