Polyus, the largest gold-extracting company in Russia, has changed its dividend policy.
The company Board of directors has approved the change of the dividend policy having set the minimum annual size of dividends for 2017 and 2018 on the level of $550 million.
Thus, the amount of dividends for the corresponding period will total 30% of the EBITDA, or $550 million, whichever is larger.
This concerns only dividends for 2017 and 2018. From 2019 dividends will be paid according to the initial rules – 30% of EBITDA. (Ukrainian metal)
