MOSCOW, June 28 (RIA Novosti) - LUKoil (RTS: LKOH) shareholders voted Wednesday at an annual meeting of Russia's largest independent crude producer to increase dividends 18% year on year to 33 rubles (about $1.22) per share.
LUKoil, which is 17% owned by U.S. giant ConocoPhillips, paid 28 rubles (about $1.04) per share in 2004.
The oil company, which saw its U.S. GAAP net profit rise 51.7% year on year in 2005 to $6.44 billion, intends to pay out dividends from July through December 2006.
LUKoil has charter capital of 21.26 million rubles ($779.5), with all ordinary shares worth 0.025 rubles at par value.