At a meeting held on March 1, NLMK Group’s Board of Directors recommended the company’s shareholders approve payment of Q4 2018 dividends of 5.80 rubles per share at the upcoming Annual General Shareholder Meeting (AGM), which would be held on April 19.
This is equivalent to 100% of the company’s free cash flow based on its IFRS consolidated results for Q4 2018. Q4 2018 dividend yield will total 15%.
Taking into account dividends accrued in Q1-Q3 2018, 2018 dividends will total approximately 102% of NLMK Group’s free cash flow for the relevant period.
NLMK Board of Directors also recommended that the shareholders set the date upon which the shareholders entitled to Q4 2018 dividends as May 6.
The date as of which the list of persons entitled to participate at the AGM will be compiled is March 25. (NLMK/Ukrainian metal)