The Board of Directors of MMK PJSC recommended that shareholders approve the payment of dividends for 6 months of 2024 in the amount of 2.494 rubles. (including tax) per share. This is stated in the company's message.
The Extraordinary Meeting of Shareholders was recommended to set the date on which the persons entitled to receive dividends are determined – October 17, 2024 at the end of the business day. The issue of payment of dividends will be considered at the meeting on September 27, 2024.
Recall that in 2023 it was decided to pay dividends of 30.75 billion rubles. 2.752 rubles were accrued per share.
It should also be recalled that MMK shareholders decided not to pay dividends for 2022.
Magnitogorsk Iron and Steel Works PJSC (TIN 7414003633) is a steel manufacturer. The company's assets in Russia represent a metallurgical complex with a full production cycle, starting with the preparation of iron ore raw materials and ending with the deep processing of ferrous metals.
MMK Group's revenue for the first half of 2024 increased by 18.5% to RUB 417.83 billion. compared to a year earlier. EBITDA increased by 5.3% and amounted to 92.7 billion rubles. Net profit amounted to 50.3 billion rubles. Free cash flow increased to RUB 27.87 billion.
