Russia's Magnit may raise dividend payout to 40 pct
Russia's biggest food retailer Magnit may increase its dividend payout in the second half of the yea…Russia's biggest food retailer Magnit may increase its dividend payout in the second half of the year, Chief Executive Officer Sergei Galitsky said on Tuesday.
"We currently pay around 30 percent (of net profit in dividends). In the second half we plan to increase that to 40 percent of net profit," Galitsky told a conference call.