The Board of Directors of NLMK Group, at a meeting on February 11, 2021, recommended that shareholders approve dividends for the 4th quarter of 2020 in the amount of RUB 7.25 per share.
The Board of Directors recommended that shareholders approve dividends for the 4th quarter of 2020 in the amount of 7.25 rubles per share. Taking into account the previously announced dividends for the 1-3 quarters of 2020, the dividends for the 12 months of 2020 may amount to 21.64 rubles per share.
The date on which the persons entitled to receive dividends are determined will be recommended when deciding to convene the annual general meeting of NLMK shareholders.
Earlier on December 18, 2020, by the decision of the extraordinary general meeting of shareholders, dividends for the third quarter of 2020 were approved in the amount of 6.43 rubles per share. The total amount of dividends for 9 months of 2020 amounted to 14.39 rubles per share.
Information about NLMK Group
NLMK Group is a vertically integrated metallurgical company, the largest in Russia and one of the 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 and Europe and the USA. The company's steel production capacity exceeds 17 million tonnes per year.
NLMK's common shares, which have free-float of 20.7%, are traded on the Moscow Stock Exchange (ticker “NLMK”). 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.