MMK shares are in the top 10 best in Russia

As the compilers of the rating explain, when it was formed, the dividend yield of shares for investors was taken into account, as well as the dynamics of the growth of dividends and quotations of the corresponding shares. As a result, PJSC MMK entered the top 10, which, following the results of the last five years, have consistently demonstrated high dynamics in terms of dividend payments and exchange prices. The weighted average yield on MMK shares was 9.96, the growth rate of dividends was 1.43. This is one of the best indicators among Russian companies.

The payment of high dividends to the company's shareholders is one of the priorities of MMK's financial policy. “Our strategic initiatives are aimed at maximizing the total return for all our shareholders,” says Maria Nikulina, Head of the Financial Resources Department of PJSC MMK, on ​​the inclusion of MMK shares in the top 10. - Our dividend policy provides for the payment of at least 100% of free cash flow, provided that the ratio of net debt /EBITDA is less than 1.0x. The Group constantly generates sufficient cash flow and confirms its adherence to the approved dividend policy ”. Thus, based on the results of the 4th quarter and 12 months of 2020, the company recommended the payment of dividends in the amount of RUB 0.945 per share, which corresponds to 114% of free cash flow.

RBC Investments rating is not the first time when experts highly appreciate the attractiveness of MMK shares. Thus, in 2020, PJSC MMK took the third place among metallurgical companies in the world in terms of total shareholder return (TSR) in the Value Creators 2020 rating published by the international consulting company Boston Consulting Group (BCG). MMK's TSR amounted to 40% - the highest indicator among metallurgical companies in Russia, third place among all Russian companies and third among metallurgical companies in the world.