The dividend policy is intended to establish a transparent and efficient mechanism for determination of the size of dividends and the relevant payment procedure, as well as the determination of the Board’s strategy for drawing up recommendations in regard to the size of dividends and the terms and procedures of payment thereof.
In making its decisions in regard to dividend payments, the Company follows the principle of balance between the growth of capitalization with the growth of dividends resulting from the size of the net profit for the respective period, and the Group’s production and investment activity development needs.
The Company adopted a new dividend policy to maintain a consistently high level of the dividends and comply with the industry’s best practices. According to the new terms, starting from 2018, the dividends are calculated based on the IFRS consolidated financial statements.
The dividend policy is intended to establish a transparent and efficient mechanism for determination of the size of the dividends and the procedure for payment thereof, as well as determination of the strategy of the Board for development of the recommendations on the size of the dividends, the terms and procedures of payment thereof.
History of dividend payments
|Period||Dividend per share, RUB||Declared dividend,
||Payout ratio, %*|
|9M 2020||27,28||1 500||37%|
|6M 2020||54,56||3 000||39%|
|12М 2019||27,28||1 500||30%|
|9M 2018||34,83||1 915||44%|
|6M 2018||18,55||1 020||30%|
|12М 2017||27,97||1 538||53%|
|12М 2016||19,85||1 091||34%|
|6M 2016||19,78||1 088||31%|
|6M 2015||19,81||1 089||40%|
** Does not include 12M 2020 dividends that are to be approved at AGM in Q2 2021. Payment is due in Q3 2021.