At an extraordinary general meeting held on September 27, NLMK's shareholders approved the payment of dividends for the 2nd quarter of 2019 in the amount of RUB 3.68 per share. The total amount of dividends payable for the 2nd quarter of 2019 is equivalent to 136% of the free cash flow of NLMK Group for the corresponding period according to the consolidated financial statements prepared in accordance with IFRS.
The date on which the persons entitled to receipt of dividends for the 2nd quarter of 2019, set on October 10, 2019.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the most efficient steel producers in the world.
NLMK Group's steel products are used in various industries, from construction and mechanical engineering to power equipment and offshore wind turbines.
NLMK's production assets are located in Russia, Europe and the USA. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue in 2018 was $ 12 billion, EBITDA was $ 3.6 billion. The Net Debt /EBITDA ratio was 0.25x. The company has investment grade credit ratings from S&P, Moody's, Fitch and Expert RA.
NLMK's common shares, which have a free-float of 19%, are traded on the Moscow Stock Exchange (ticker “NLMK”), global depository shares - on the London Stock Exchange (ticker "NLMK: LI"). The share capital of the Company is divided into 5,993,227,240 ordinary shares with a par value of 1 Russian ruble.
For more information on NLMK's share capital, please follow the link.
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