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NKNC shares grow by 50% after the news about dividends

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NKNC shares grow by 50% after the news about dividends
March 11
13:00 2019

Monday morning has been marked by an incredible growth of the securities of the Russian company Nizhnekamskneftekhim. The growth has amounted to 50% and supported setting up new highs. This effect was achieved because of the recommendations of the board of directors regarding the dividends. They advised the company owners to pay 19.94 rubles of dividends for each share.

Ordinary shares of Nizhnekamskneftekhim have risen to 94.2 rubles, while preference shares have grown to 63.4 rubles.

Dividends were calculated on the basis of profit for 2018 and retained earnings for the past several years.

In the total amount it is recommended to pay about 36.5 billion rubles of dividends, from which 4.3 billion rubles should be paid to the owners of the preference shares.

Applicants for getting dividends should register until April 22.

The company’s funds are currently estimated at 1 billion 830 million rubles. The nominal value of one share is equal to one ruble.

We recall that the company Nizhnekamskneftekhim is part of TAIF Group and is the largest manufacturer of rubber and plastic in the Russian Federation.


The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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1 Comment

  1. arleencremean
    arleencremean March 15, 03:49

    Great post.

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