Norilsk Nickel will pay RUB 623.35 per share in dividends for 9 months of 2020

AK&M 14 December 2020 18:03

The shareholders of MMC Norilsk Nickel decided to pay RUB 623.35 per share in dividends for 9 months of 2020, the total amount reaching RUB 98.64 billion, the company informed.

A total of RUB 98.64 billion ($1.2 billion) will be earmarked for the payment of dividends.

December 24 is set as the dividend record date.

PJSC MMC Norilsk Nickel (tax number: 8401005730) is Russia's largest diversified mining and metallurgical company, the world's leading producer of nickel and palladium and one of major platinum, rhodium, copper and cobalt producer. Besides, the company produces a wide range of by-products including gold, silver, tellurium, selenium, iridium and ruthenium. The mining and processing assets of the MMC Norilsk Nickel group are located in the Norilsk industrial area, the Kola Peninsula as well as Finland, USA, Australia, Botswana, and RSA.

IFRS net profit of Norilsk Nickel for 2019 increased by 95% to $5.966 billion from $3.059 billion a year earlier. Consolidated revenue went up 16% to $13.6 billion, EBITDA increased by 27% to $7.9 billion.