NLMK to pay RUB 7.25 in 4Q DPS

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AK&M 04 May 2021 16:28

At their annual meeting, the shareholders of NLMK have approved the payment of RUB 21.64 in FY20 dividends per share. Taking into account the previously paid interim dividends, the company will pay RUB 7.25 per share in dividends for the fourth quarter of 2020, NLMK informed.

May 11, 2021 is set as the record date for the payment of 4Q20 dividends.

NLMK Group is a vertically-integrated metallurgical company, Russia's leading manufacturer of steel products, one of the most effective steelmakers worldwide. NLMK Group's metal products are used in various industries from construction and mechanical engineering to power equipment and offshore wind farms. NLMK Group's production assets are located in Russia, Europe and the USA. The group's production capacity exceeds 17 million tonnes per year.

IFRS profit of NLMK for 1Q21 increased 2.7 times to $775 million from $289 million a year earlier. Revenue increased 17% to $2.87 billion from $2.46 billion, and EBITDA increased 96% to $1.16 billion from $594 million.