OREANDA-NEWS. August 09, 2010. CTC Media, Inc. (“CTC Media” or “the Company”) (NASDAQ: CTCM), Russia’s leading independent media company, today announced that its Board of Directors has declared a cash dividend of USD0.065 per outstanding share of common stock, or approximately USD10 million in total, payable to stockholders of record as of September 1, 2010. The payment date is expected to be September 30, 2010, reported the press-centre of CTC Media.

As previously announced, CTC Media’s Board of Directors intends to pay an aggregate of USD40 million in cash dividends in 2010 in four quarterly installments. The first two installments of USD0.065 per outstanding share of common stock, or approximately USD10 million each, were paid on March 31, 2010 and June 30, 2010.

The Board’s current intention is to declare and pay the fourth installment of USD10 million in December 2010, but there can be no assurance that such an installment will in fact be declared and paid. Any such declaration is at the discretion of the Board and will depend upon factors such as CTC Media’s earnings, financial position and cash requirements.