Shareholders of steel producer NLMK have approved a decision to pay dividends based on the results of 2023 in the amount of RUB 25.43 per share (dividend yield – 10%). This is stated in a company statement.
Dividends will be paid, including from the profit of previous years, the company notes.
Shareholders also set the date on which persons entitled to receive dividends are determined: May 27, 2024.
During trading on May 14, NLMK shares rose in price by 0.65% to RUB 253.94. As of 17:12 Moscow time, their value was RUB 253.08 (+0.3%), the Moscow Exchange index was at -3464.28 points (+0.21%).
Earlier in April, NLMK’s board of directors recommended that the company’s shareholders’ meeting approve dividends for 2023 in the amount of RUB 23.45 per share. Net profit under IFRS for this period amounted to RUB 209.373 billion, which is 25.8% more than in 2022. The group’s revenue for the reporting period increased by 3.6% year-on-year, reaching RUB 933.435 billion.