NLMK.SHOP

Dividends

The company's dividend policy was updated in 2019 in order to provide information for shareholders and all stakeholders with regard to strategy for the distribution and usage of NLMK net profit.

According to the current dividend policy, dividends are to be paid with the payout in the range of:

  • If Net Debt/EBITDA is below 1.0х, the payout amount shall be equivalent to or above 100% of free cash flow, based on the Company's IFRS Consolidated Financial Statements for the reporting period.
  • If Net Debt/EBITDA is above 1.0х, the payout amount shall be equivalent to or above 50% of free cash flow, based on the Company's IFRS Consolidated Financial Statements for the reporting period.

The amount to be paid as a dividend for a specific period is approved by company shareholders in line with recommendations by the board of directors.

Year

Period

Dividend per share 

Declaration date 

Amount

As a % of Net Income

As a % of Free Cash Flow (FCF)*** 

2018

Year 

RUB22.81

 

RUB136,705.6 million
USD2 134.6 million 

95%

105%

2018

4 Quarter

RUB5.80

19/14/2019 

RUB34,760.7 million
USD565.0 million

111% 

112%

2018 

3 Quarter 

RUB6.04

21/12/2018 

RUB36,199.1
million
USD537.0
million 

83% 

84% 

2018

2 Quarter

RUB5.24

28/09/2018

RUB31,404.5 million
USD477.0 million

82%

166%

2018

1 Quarter

RUB5.73

08/06/2018

RUB34,341.2 million
USD555.6 million

111%

93%

2017

Year    

RUB14.04

 

RUB84,144.9 million
USD1,428.2 million

98%    

113%

2017

4 Quarter

RUB3.36

06/06/2018

RUB20,137.2 million
USD325.8 million

76%

163%

2017

3 Quarter

RUR5.13

22/12/2017

RUB30,745.3 million
USD525.0 million

147%

99%

2017

2 Quarter

RUB3.20

29/09/2017

RUB19,178.3 million
USD328.3 million

96%

101%

2017

1 Quarter

RUB2.35

02/06/2017

RUB14,084.1 million
USD249.1 million

77%

120%

2016

Year 

RUB9.22

 

RUB55,257.5 million
USD919.7 million

98%

84%

2016

4 Quarter

RUB3.38

02/06/2017

RUB20,257.1 million
USD358.3 million

116%

197%

2016

3 Quarter

RUB3.63

23/12/2016

RUB21,755.4 million
USD357.4 million

93%

75%

2016

2 Quarter

RUB1.08

30/09/2016

RUB6,472.7 million
USD102.5 million

55%

65%    

2016

1 Quarter

RUB1.13

03/06/2016

RUB6,772.3 million
USD101.5 million

178%

37%    

2015 

Year 

RUB6.95

 

RUB41,652.9 million
USD101.5 million

67%    

65%    

2015

4 Quarter

RUB2.43

03/06/2016

RUB14,563.5 million
USD218,2 million

287%

196%    

2015

3 Quarter

RUB1.95

21/12/2015

RUB11,686.8 million
USD163.9

40%

44%    

2015

2 Quarter

RUB0.93

30/09/2015

RUB5,573.7 million
USD84.1 million

50%

50%    

2015

1 Quarter

RUB1.64

05/06/2015

RUB9,828.9
USD178.7

56%

52%

2014

Full year

RUB2.44



RUB14,623.5 million
USD303.9 million

36%

 

2014 

4 Quarter 

RUB1.56

05/06/2015

RUB9,349.4 million
USD267.9

 

 

2014

2 Quarter

RUB0.88

30/09/2014

RUB5,274.0 million
USD133.9 million

40%

 

2013

Full year

RUB0.67

06/06/2014

RUB4,015.5 million
USD115 million

61%

 

2012

Full year

RUB0.62

07/06/2013

RUB3,716
million
USD116
million

20%

 

2011

Full year

RUB2.0

RUB11,986.5 million
USD375.8 million

28%

 

2011

4 Quarter

RUB0.6

30/05/2012

RUB3,596.0 million
USD121.5 million

 

 

2011

2 Quarter

RUB1.4

29/09/2011

RUB8,390.5 million
USD263.7 million

 

2010

Full year

RUB1.82

RUB10,907.7 million
USD378.7 million

30%

 

2010

4 Quarter

RUB1.2

03/06/2011

RUB7,191.9 million
USD256.5 million

 

 

2010

2 Quarter

RUB0.62

30/09/2010

RUB3,715.8 million
USD122.2 million

 

2009

Full year

RUB0.22

04/06/2010

RUB1,318.5 million
USD42.7 million

21%

 

2008

Full year

RUB2.0

RUB11.986,5 million
USD471.3 million

21%

 

2008

4 Quarter

-

05/06/2009

 

 

 

2008

2 Quarter

RUB2.0

19/09/2008

RUB11.986,5 million
USD471.3 million

 

2007

Full year

RUB3.0

06/06/2008

RUB17,979.7 million
USD737.7 million

33%

 

2007

4 Quarter

RUB1.5

06/06/2008

RUB8,989.8 million
USD377.5 million

 

 

2007

2 Quarter

RUB1.5

28/09/2007

RUB8,989.8 million
USD360.1 million

 

2006

Full year

RUB3.0

RUB17,979.7 million
USD683.3 million

33%

 

2006

4 Quarter

RUB1.5

05/06/2007

RUB8,989.8 million
USD347.2 million

 

 

2006    

2 Quarter

RUB1.5

29/09/2006

RUB8,989.8 million
USD336.1 million

 

2005

Full year

RUB3.0

RUB17,979.7 million
USD659.6 million

48%

 

2005

4 Quarter

RUB2.0

06/06/2006    

RUB11,986.5 million
USD448.8 million

 

 

2005

2 Quarter

RUB1.0

26/09/2005

RUB5,993.2 million
USD210.8 million

 

2004

Full year

RUB1.8

RUB10,787.8 million
USD385.6 million

22%

 

2004

4 Quarter

RUB0.8

20/05/2005

RUB4,794.6 million
USD171.5 million

 

 

2004

2 Quarter

RUB1

03/12/2004

RUB5,993.2 million
USD214 million

 

2003

Full year

RUB0.6045**

25/06/2004

RUB3,622.9 million
USD218.2 million

19%

 

2002

Full year

RUB312.5*

27/06/2003

RUB1,871.0 million
USD61.7 million

18%

 


*The dividends were declared in Russian rubles. The amount of dividends stated in US dollars is based on Central Bank’s RUB to USD exchange rate as of the date dividends are declared.

** In May 2004, following the revaluation of fixed assets NLMK has issued an additional 5,987,240,000 of ordinary shares with the nominal value of 1 ruble each. Prior to this issuance, NLMK Group’s share capital amounted to 5,987,240 ordinary shares. The additional ordinary shares were distributed among all NLMK’s shareholders pro rata to their ownership on the date of distribution, so that each shareholder received an additional 1,000 shares for each share on hand.

*** The coefficient is calculating starting fr om 2015

Taxation

In accordance with Russian legislation, the rate of taxation of dividend payments for corporate shareholders who are residents of the Russian Federation is 13%; for corporate shareholders who are non-residents, it is 15%; for individuals, the rates are 13% and 15% respectively. Wh ere an avoidance of double taxation agreement is in effect, tax payments are made in accordance with the rates specified in the agreement.

Note: Information on taxation is provided for general information purposes only. Potential and existing investors should consult with their own advisors regarding the tax consequences of investing in the Company’s shares, including Global Depositary Shares (GDS).