MOSCOW, April 22 (Reuters) - Rosneft, Russia'sbiggest oil producer, said on Friday its board had recommendedpaying a dividend of 11.75 roubles per share on its profitslast year, up from the 8.21 roubles paid for 2014.
The dividend payout will total 124.5 billion roubles ($1.87billion), or 35 percent of Rosneft's net profit under theinternational financial reporting standard (IFRS), the companysaid in a statement.
The payout is less than the dividend rate of 50 percent ofnet profits that Russian Prime Minister Dmitry Medvedev hasordered state-owned companies to pay in an attempt to replenishstate coffers hit by the collapse in oil prices.
Russian Finance Minister Anton Siluanov said last week the50 percent payout rate should be mandatory for all statecompanies.
Rosneft is 69.5 percent owned by state-controlled companyRosneftegaz, while BP owns 19.75 percent.
The company's relatively low rate level of payout couldprove a blow to Medvedev's plans to raise an additional 100billion roubles ($1.5 billion) for the federal budget.
Chief Executive Igor Sechin, a long-standing ally ofPresident Vladimir Putin, has previously squared off againstMedvedev, who is seen as a dove in Russia's political circles. ($1 = 66.5600 roubles) (Reporting by Vladimir Soldatkin and Jack Stubbs; Editing byLidia Kelly and Greg Mahlich)