In order to increase the investment attractiveness of the Company and ensure maximum transparency to all stakeholders regarding its financial policy, the Board of Directors has adopted a dividend and leverage guidance.
The dividend payout recommendation will be based on the actual financial performance and strength of the balance sheet of PAO Raspadskaya and its subsidiaries, taking into account the outlook for coal prices, the Board’s view of the long-term stability and growth prospects of the business as well as future capital investment requirements.
The Company intends to declare dividends semi-annually on the basis of the consolidated IFRS financial statements in the amount of:
not less than 100% FCF, if Net Debt/EBITDA is less than 1.0
not less than 50% FCF, if Net Debt/EBITDA is above 1.0
In order to ensure the strength of the balance sheet and long-term stability, the Company will target to maintain Net Debt/EBITDA below 2.0x throughout the cycle.
Dividend payout history record
2021
Dividends were neither passed nor paid.
9M2021
18.01.2022
29.12.2021
28
18,640,549,730.71
1H2021
04.10.2021
23.09.2021
23
15,311,880,135.90
2020
07.06.2021
18.05.2021
5.7
3,794,683,338.00
1H2020
15.10.2020
25.09.2020
2.7
1,843,719,029.88
2019
08.06.2020
19.05.2020
2.83
1,932,490,686.87
1H2019
20.10.2019
30.09.2019
2.5
1,707,147,249.88
2018
Dividends were neither passed nor paid.
2017
Dividends were neither passed nor paid.
Dividend Policy of Public Joint Stock Company Raspadskaya