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KazMunaiGas tripled dividends on common shares

08 october 2012, 15:57
0
Photo courtesy of kmg.kz
Photo courtesy of kmg.kz
KazMunaiGas National Oil Company (KMG) has increased payment of dividends on common shares 3.1-fold. The total payment for 2011 makes 142 billion tenge ($946.8 million), KazTAG reports citing a statement of the national company.

“On August 7, 2012, the only shareholder of KazMunaiGas, Samruk-Kazyna National Welfare Fund, made the decision to pay the dividends on KMG common shares in 2011,” the press-release states.

The dividends paid on September 14 made 293.35 tenge ($1.9) per one share. According to Kazakhstan Stock Exchange (KASE), the company has 484.2 million listed common shares. Thus, 142 billion tenge ($946.8 million) will be allocated for payment of dividends for 2011.

According to KMG, the dividend per one common share made 117.68 tenge ($0.8) in 2010, while the total payment made 45.8 billion tenge ($305 million). This shows that the company increased the payment of dividends on common shares 3.1-fold in 2011.

KazMunaiGas National Oil Company is Kazakhstan national operator on exploration, production, processing and transportation of hydrocarbons, representing the country’s interests in Kazakhstan oil and gas sector. 100 percent of KMG shares are owned by Samruk-Kazyna National Welfare Fund.

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