KazTransOil Board of Directors Proposed A Dividend Of T155 Per Share
Last week, KazTransOil’s Board of Directors proposed to pay out a FY2016 dividend of T155 per share. The payout ratio amounted to 133% of consolidated net income, which includes 100% of net income and part of retained earnings for past years. The suggested dividend is 17% higher than the last year’s (T133).
The board of Directors of the Company once again met the expectations of the market, offering a dividend above the level of the previous year.