During a general meeting, the shareholders of Kazakhtelecom agreed to make dividend payouts for 2022, the company said in a press release. Last spring, they refrained from doing so.
The company is going to pay about $70.9 million in total or $6.46 per share. Those who hold common shares will receive $69 million, while the remaining money will be allocated for privileged shares. The company’s charter and legislation require Kazakhtelecom to make dividend payouts to those who hold privileged shares not less than 30% of their nominal cost.
Before making their final decision, the shareholders reviewed the financial and economic...