December 4, 2011
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Gazprom climbed to highest in dividend report

OAO Gazprom climbed to a two-week high in New York and Russian stock futures advanced on speculation the gas export monopoly will reserve about $6.5 billion a year for dividends and as expanding U.S. manufacturing boosted the outlook for global energy demand.

American depositary receipts of Gazprom, the world’s largest natural gas producer, jumped for a fourth day, while futures expiring in December on the dollar-denominated RTS index rose 0.1 percent to 154,755 by 2:50 p.m. in New York yesterday. The Bloomberg Russia-US 14 Index of Russian companies traded in New York was little changed at 100.49. OAO Mobile TeleSystems slid for the first time in five days after the company’s mobile- phone subscriber numbers in Russia dropped the most since at least 2008.

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