NLMK shareholders approve Q2 2019 dividends
At the Extraordinary General Shareholders’ Meeting (EGM) held on 27 September 2019, NLMK shareholders approved the payment of Q2’19 dividends of RUB 3.68 per share. The total amount of Q2’19 dividends payable to shareholders is equivalent to 136% of the Company's free cash flow based on its IFRS consolidated results for the corresponding period.
The date upon which the shareholders entitled to Q2’19 dividends will be determined was set as 10 October 2019.
About NLMK Group
NLMK Group is the largest vertically integrated 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 2018, the Company generated $12 billion in revenue and $3.6 billion in EBITDA. Net debt/EBITDA stood at 0.25х. The Company has investment grade credit ratings from S&P, Moody’s, Fitch and Expert RA.
NLMK’s ordinary shares with a 19% 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.
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