the Board of Directors of NLMK Group at the meeting of 12 February 2020, recommended shareholders to approve dividends for the 4th quarter of 2019 in the amount of 5.16 rubles per share.
the Board of Directors recommended shareholders to approve dividends for the 4th quarter of 2019 in the amount of 5.16 rubles per share. Adjusted for previously declared dividends for the 1-3 quarter of 2019, the dividend for the 12 months 2019 can be 19,4 roubles per share, which corresponds to 120% of free cash flow for the year 2019.
recommended to the Shareholders the record date for determination of persons entitled to dividends for the 4th quarter 2019 – may 6, 2020.
For information:
Earlier on December 20, 2019 with the decision of the extraordinary General meeting of shareholders approved the dividends for the 3rd quarter of 2019 in the amount of the ruble 3.22 per share. The total amount of dividends for 9 months of 2019 amounted to 14.24 rubles per share.
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More with the dividend policy of NLMK Group can be found on the website.
about the company
NLMK Group is a vertically integrated steel company and Russia's largest and one of the world's most efficient producers of steel products.
NLMK's metal Products are used in various industries, from construction and engineering to power-generating equipment and offshore wind turbines.
the Production assets of NLMK are located in Russia, Europe and the USA. The production capacity of steel companies over 17 million tonnes a year.
NLMK has high competitiveness in cost among global manufacturers, the company's profitability is one of the highest in the industry. The company's revenue for 2019 amounted to 10.6 billion dollars, EBITDA – $ 2.6 billion. The ratio of Net Debt/EBITDA amounted to 0.7 H. the Company has a credit rating of investment grade from S&P, Moody's, Fitch and RAEX (Expert RA).
Ordinary shares of JSC "NLMK", free float which is 18.6%, are traded on the Moscow Stock Exchange (Ticker "NLMK"), global Depositary shares on the London stock exchange (Ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of 1 Russian ruble.
read More of stockholders ' equity NLMK can be found at the link.
Download photos and corporate video NLMK Group in Mediobanca the link.
