Russia's top steel maker Severstal will pay interim dividends for the first nine months of 2010 worth 4.32 billion rubles ($139.35 million) or 4.29 rubles per share, Severstal said on Tuesday.
The dividends are to be paid before February 18, 2011, the company said in a statement.
The company's net losses to IFRS fell by almost 74.4% in the first nine months of 2010 to $225 million.
At the end of the second quarter of the year the board of directors recommended not to pay interim dividends, but said that they could be paid in the foreseeable future.
In 2009 Severstal did not pay dividends, while in 2008 they stood at 30.96 billion rubles.
MOSCOW, December 21 (RIA Novosti)
