NLMK Board of Directors recommends dividends for Q4 2019
At a meeting held on 12 February 2020, NLMK Group's (LSE: NLMK) Board of Directors recommended the Company's shareholders to approve Q4'19 dividend of RUB 5.16 per share.
NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'19 dividend in the amount of RUB 5.16 per share. Taking into account dividends accrued in Q1-Q3’19, 12M’19 dividends will total RUB 19.4 per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant period.
The Board of Directors also recommended that shareholders set the date upon which the shareholders entitled to Q4'19 dividends will be determined as 6 May 2020.
Previously, at the EGM held on 20 December 2019, NLMK shareholders approved Q3'19 dividends in the amount of RUB 3.22 per share. Total 9M'19 dividends amounted to RUB 14.24 per share.
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For more information about NLMK Group's dividend policy, please visit NLMK's website.
About NLMK Group
NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.
NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore wind turbines.
NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.
NLMK has a highly competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 12M 2019, the Company generated $10.6 billion in revenue and $2.6 billion in EBITDA. Net debt/EBITDA stood at 0.7х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and RAEX (Expert RA).
NLMK’s ordinary shares with a 18.6% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded 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 RUB1. For more details on NLMK shareholder capital please follow the link.For NLMK Group’s photos and corporate videos, please visit our media library.