29 May '09
Krasnodar tobacco plant Philip Morris Kuban has announced plans to pay $7.8m in 2008 dividends.
Earlier the company paid its shareholders $15.4m in interim dividends for nine months of 2008 (see Marchmont news of January 11, 2009).
The firm’s 2007 dividend payout totaled $50m, up 32% on total 2008 dividends.
The dividends are due to be repaid within 60 days.
Philip Morris Kuban is a part of global group Philip Morris International.