Russia: MMK to allocate no less than 50% of free cash flow on dividends
The board of directors of Magnitogorsk Iron and Steel Works (MMK) has approved a new dividend policy, under which the company will raise its dividend payout to at least 50% of its free cash flow from 30%, Board Chairman Viktor Rashnikov said. “The new payment plan says the company will allocate at least 50% of…
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