|Bid||0.801 x 3410000|
|Ask||0.825 x 3410000|
|Day's Range||0.761 - 0.793|
|52 Week Range||0.453 - 1.240|
|PE Ratio (TTM)||0.72|
|Dividend & Yield||0.00 (0.03%)|
|1y Target Est||N/A|
Russian state development bank Vnesheconombank said on Thursday it had approved debt restructuring of the Elga coal project owned by miner Mechel .
The board of Russian metals and mining giant Mechel has recommended paying full dividends to preferred shareholders for the first time since 2011 now the company has fought back from the brink of bankruptcy. Mechel borrowed heavily before Russia's economic crisis hit in 2014 and was facing what would have been the country's biggest corporate collapse after struggling with debt repayments as demand for its products weakened and coal and steel prices fell. Mechel said in a statement on Thursday its board had recommended dividend payments of 10.28 roubles per preferred share for 2016, when it made a net profit of 7.1 billion roubles.
Russian metals and mining giant Mechel said on Thursday its board had recommended a 2016 dividend of 10.28 roubles per preferred share, its first full payout since fighting back from the brink of bankruptcy ...