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VimpelCom Declares Regular, Special Dividend

VimpelCom (NASDAQ: VIP  ) is to pass along a pair of payouts for its shareholders. Simultaneously, the company declared both a regular and a special dividend. For the former, the telecom will distribute $0.35, and for the latter, $0.79 per American depositary share. The company expects to pay both by May 15 to shareholders of record as of April 29.

VimpelCom also provided guidance for its dividend policy in future periods. It intends to distribute at least $0.80 per year, as long as fewer than 1.757 billion common shares are outstanding. Its ambition is to dispense "a significant part" of its operating free cash flow in the form of dividends.

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9/27/2016 10:07 AM
VIP $3.52 Down -0.05 -1.40%
Vimpel-Communicati… CAPS Rating: ****