RUSSIA: DIVIDENDS DROP
Political pressure to keep currency inside the country is beginning to affect the way Russian companies set their dividends, according to research from Henderson Global Investors.
Its analysis shows that in the first three months of this year, dividends from companies in Russia more than halved compared with the first quarter of 2013.
"In setting dividend policy, directors of Russian companies will be conscious that sanctions are getting tighter and potentially for oil and gas companies, they will have to consider how wise it is to see increasing amounts of cash leaving the company to go to shareholders, including…
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