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Norilsk Nickel Shareholders Decided To Boost Dividend

Russian metals biggest producer Norilsk Nickel will pay a dividend of 69.4 rubles per share for 2004

Russian metals biggest producer Norilsk Nickel will pay a dividend of 69.4 rubles per share for 2004, the company said. The decision was made at the annual shareholders meeting.

The dividend includes 41.4 Russian Trading System (per share paid for the first nine months of 2004.
Norilsk will pay a total of 14.8 billion rubles or 65% more than for 2003.

The dividends represent 28% of the company's IAS net profit for 2004 - more than the 20%-25% of IAS net profit recommended by the company's dividend policy.