The Board of Directors of NLMK Group, at a meeting on March 1, 2019, recommended to shareholders to approve dividends for the 4th quarter of 2018 in the amount of RUB 5.80 per share at the annual general meeting of shareholders to be held on April 19, 2019.
The Board of Directors recommended that shareholders approve dividends for the 4th quarter of 2018 in the amount of RUB 5.80 per share, which is equivalent to 100% of NLMK Group's free cash flow for the 4th quarter of 2018 based on the consolidated financial statements prepared in accordance with IFRS. The dividend yield * for the 4th quarter of 2018 will be & bsp; 15%.
& bsp; Taking into account the dividends accrued for the 1-3 quarters of 2018, the dividends for the 12 months of 2018 will be approximately 102% of the company's free cash flow for relevant period.
Shareholders are recommended to set the date on which persons entitled to receive dividends for the 4th quarter of 2018 are determined - May 6, 2019.
The date on which ( registered) persons entitled to participate in the annual general meeting of shareholders - March 25, 2019.
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For information: The total amount of dividends for 9 months of 2018 was 17, 01 rubles per share. Taking into account the recommended dividends for the 4th quarter of 2018, the dividend yield may be 15%.
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* Dividend yield is calculated as the sum of dividends for the period at the rate at the end of the reporting period, given to the annual value by multiplying the quarterly amount by 4 and divided by the company's market capitalization as of the last day of the relevant period.
For more information on NLMK Group's dividend policy, please visit the website.
