At a meeting held on July 25 the Board of Directors of NLMK Group recommended the company’s shareholders approve Q2 dividend in the amount of 3.68 rubles per share at the upcoming Extraordinary General Shareholders Meeting (EGM) to take place on September 27.
The list of persons eligible to participate in the EGM will be compiled as of September 2. The Board of Directors also recommended that shareholders set October 10 as the date upon which the list of shareholders eligible to receive Q2 dividend would be determined.
Dividend yield for Q2 amounts to 14.6%. The total amount of Q2 dividends payable to shareholders is equivalent to 136% of the company’s free cash flow based on its IFRS consolidated results for the corresponding period.
Previously, at the EGM held on June 7, NLMK shareholders approved Q1 dividends in the amount of 7.34 rubles per share. Total Q1 and Q2 dividends will amount to 11.02 rubles per share. (NLMK/Ukrainian metal)