At a meeting held on April 27, NLMK Group’s Board of Directors recommended the company’s shareholders to approve payment of Q1 2018 dividends of 5.73 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on June 8.
NLMK Group’s Board of Directors recommended NLMK shareholders approve dividends of 5.73 rubles per share, which is equivalent to 100% of the company’s free cash flow based on its IFRS consolidated results for Q1.
Q1 dividend yield will total 16%.
The Board of Directors also recommended that the shareholders set the date upon which the shareholders entitled to Q1 dividends would be determined as June 20.
The list of persons entitled to participate at the AGM will be compiled on the basis of the NLMK Shareholder Register as of May 14.
Previously, at a meeting on March 5, the Board of Directors recommended NLMK shareholders approve payment of Q4 2017 dividends of 3.36 rubles per share.
2017 accrued dividends could total 14.04 rubles per share, which is equivalent to 100% of NLMK Group’s 2017 net profit. (NLMK/Ukrainian metal)