The Board of Directors of NLMK Group, at a meeting on April 19, 2019, recommended that shareholders approve dividends for the 1st quarter of 2019 in the amount of RUB 7.34 per share at an extraordinary general meeting of shareholders to be held on June 7, 2019.
The Board of Directors recommended to shareholders to approve dividends for the 1st quarter of 2019 in the amount of RUB 7.34 per share. The dividend yield * for the 1st quarter of 2019 will be 18%.
Shareholders are recommended to set the date on which the persons entitled to receive dividends for the 1st quarter of 2019 are determined - June 19, 2019.
The date on which the persons entitled to participate in the extraordinary general meeting of shareholders are determined is May 13, 2019.
* * ** Dividend yield is calculated as the sum of dividends for the period at the rate at the end of the reporting period, reduced to the annual value by multiplying the amount for the quarter by 4 and divided by the amount of the company's market capitalization on the last day of the corresponding period.
For more details on the NLMK Group's dividend policy, please visit the website.
Information about NLMK Group
NLMK Group is a vertically integrated steel company, the largest in Russia and one of the most efficient steel producers in the world.
NLMK Group's metal 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 United States. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK demonstrates high cost competitiveness among global manufacturers, and the company's profitability is one of the highest in the industry. The company's revenue for 12 months of 2018 amounted to $ 12 billion, EBITDA - $ 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 RAEX (Expert RA).
NLMK's common shares, which free-float is 16%, 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. More information about NLMK's share capital can be found here.
For more information about NLMK Group, visit the website.
