Page 80 - RusRPTSept19

● Metal & Mining ● TMT
Leading telecommunications operator and digital services provider MTS,
announced the completion of its dividend payments based on the company’s full-year 2018 financial results. The final dividend for FY 2018 amounted to RUB19.98 per ordinary MTS share (RUB39.96 per ADR), or in total RUB 39.9bn(RUB 39,927,292,380.36).
● Other
RusHydro has fully paid the dividend for 2018. The company announced that it has fully paid the dividend for 2018. Total amount of dividend paid amounted to RUB15.92bn (increase of 42% over last year) or 50% of RusHydro Group’s consolidated net profit under IFRS for 2018. The total amount of dividend distributed to shareholders was RUB15.88bn. On June 28, 2019, the Annual General Meeting of Shareholder of RusHydro resolved to pay dividends for 2018 in the amount of RUB0.0367388 per share. “RusHydro is committed to long-term dividend growth in the interest of shareholders taking into account company’s development priorities. Over the last three years, the company has paid dividends at 50% of its net profit. Total amount of dividends paid over that period amounted to RUB46bn including a record amount of RUB19.9bn in 2017. In April 2019, the Board of Directors approved PJSC RusHydro’s dividend policy. The new provision stipulates for a base scenario of dividend payout ratio at 50% of the company’s IFRS net profit. At the same time, a minimal payout level is set at the average amount of dividends paid over the last three years. Such measure guarantees shareholders a minimal dividend amount and improves the company’s investment attractiveness. The changes to the dividend policy will be in effect for three years,” the company said.
80 RUSSIA Country Report September 2019 www.intellinews.com