At a meeting held on February 12, NLMK Group’s Board of Directors recommended the company’s shareholders to approve Q4 2019 dividend of 5.16 rubles per share.
Taking into account dividends accrued in Q1-Q3 2019, 2019 dividends will total 19.4 rubles per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant period.
The Board of Directors also recommended that shareholders set the date upon which the shareholders entitled to Q4 2019 dividends would be determined as May 6. (NLMK/Ukrainian metal)