At a meeting held on July 28, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q2 2017 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) to be held on September 29.
NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2 dividends of RUB 3.20 per share, equivalent to 95% of NLMK Group’s net profit based on its Q2 IFRS consolidated results.
Q2 dividend yield will total 11.2%.
NLMK Board of Directors has also recommended that the shareholders set the date upon which the shareholders entitled to Q2 dividends will be determined as October 12.
The list of persons entitled to participate at the EGM will be compiled on the basis of the NLMK Shareholder Register as of September 4.
Previously, at the Annual General Shareholder Meeting held on June 2, NLMK shareholders approved payment of Q1 dividends of RUB 2.35 per share. (NLMK/Ukrainian metal)