The Russian steelmaking company Novolipetsk Steel (NLMK) has announced that, at an extraordinary meeting of shareholders on September 30, a decision was approved regarding the payment of an interim dividend for the six months ended June 30, 2010 in the amount of Ruble 0.62 (approx. $0.02) per ordinary share.
NLMK is expected to allocate a total of Ruble 3.716 billion (approx. $122 million) for the payment of the six-month dividends, with the payout to be completed before December 29 of this year.