At a meeting held on 28 July 2017, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders to approve payment of Q2’17 dividends at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 29 September 2017.
NLMK Group’s Board of Directors recommended NLMK shareholders approve Q2’17 dividends of RUB 3.20 per share, which is equivalent to 95% of NLMK Group’s net profit based on its Q2’17 IFRS consolidated results.
Q2 2017 dividend yield* will total 11.2%.
NLMK Board of Directors has also recommended that the shareholders set the date upon which the shareholders entitled to Q2’17 dividends will be determined as 12 October 2017.
The list of persons entitled to participate at the EGM will be compiled on the basis of the NLMK Shareholder Register as of 4 September 2017.
Previously, at the Annual General Shareholder Meeting held on 2 June 2017, NLMK shareholders approved payment of Q1’17 dividends of RUB 2.35 per share.
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* Dividend yield is calculated as the annualized sum of dividends for the period, divided by the company’s market capitalization on the last day of the relevant period.
For more information about NLMK Group’s dividend policy please visit NLMK’s website.