Russia: Vysochaishiy presents new dividend policy
Vysochaishiy has approved a new dividend policy in order to keep dividends on the stably high level. According to the new policy, dividends are calculated on the basis of EBITDA. The dividend level is 30% of EBITDA provided that the company net debt/EBITDA ratio is below 2.5x. If the ratio has been higher than 2.5x…