At a meeting held on 27 October 2017, NLMK Group’s (LSE: NLMK) Board of Directors recommended the Company’s shareholders to approve payment of Q3’17 dividends of RUB 5.13 per share at the upcoming Extraordinary General Shareholder Meeting (EGM) which will be held on 22 December 2017.
NLMK Group’s Board of Directors recommended NLMK shareholders approve Q3’17 dividends of RUB 5.13 per share.
Q3’17 dividend yield* will total 15.5%.
NLMK Board of Directors has also recommended that the shareholders set the date upon which the shareholders entitled to Q3’17 dividends will be determined as 9 January 2018.
The list of persons entitled to participate at the EGM will be compiled on the basis of the NLMK Shareholder Register as of 27 November 2017.
Previously, at the Extraordinary General Shareholder Meeting held on 29 September 2017, NLMK shareholders approved payment of Q2’17 dividends of RUB 3.2 per share.
Aggregate Q1’17 and Q2’17 dividends amount to RUB 5.55 per share.
* Dividend yield is calculated as the sum of dividends for the period converted at the exchange rate at the end of the reporting period, annualized by multiplying the amount for the quarter by 4 and divided by the total market capitalization of the company on the last day of the relevant period.
For more information about NLMK Group’s dividend policy please visit .
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 windmills.
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 the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has an investment grade credit rating from S&P and Fitch.
NLMK’s ordinary shares with a 16% 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 RUR1. For more details on NLMK shareholder capital, please .
In 2016 NLMK Group received Steel Industry Leadership Award from S&P Global Platts, a global analytical agency.