By Dimitrios Kontos

The board of Rosneft Oil Co. (ROSN.MZ) has recommended a final dividend for 2017 of 6.65 rubles ($0.11) per share, the Moscow-headquartered energy company said Wednesday.

The company said the total 2017 dividend will be RUB10.48 per share, including the RUB3.83 dividend it paid out for the first half of the year.

Rosneft said these payouts mean it will have allocated half of its 2017 net profit towards dividends.

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

(END) Dow Jones Newswires

April 25, 2018 11:32 ET (15:32 GMT)