Cabinet sets 30% of norm of dividend payment for 2012 for companies with state stakes (Interfax-Ukraine)
The Cabinet of Ministers of Ukraine has set the basic norm for the part of net profit for 2012 to be paid in dividends for companies with a state stake at 30%.
According to government resolution No. 214 of March 27, 2013, the subjects of corporate rights management will have to break contracts with the heads of enterprises, which will not pay dividends for 2012 by July 1, 2013.
According to the State Property Fund (SPF), in 2012 the national budget received Hr 575.31 million in dividends, which is 108.4% up on the target.
Currently the SPF manages 460 objects with the state’s corporate rights, in 141 of which the state stake exceeds 50%.
The basic norm for the part of net profit to be paid in dividends had not been revised for the past few years.
