NLMK shareholders at the Extraordinary General Shareholder Meeting (EGM) held on 30 September 2016, approved payment of 2Q’16 dividends of RUB 6,473 m, or RUB 1.08 per share (-4% qoq and +16% yoy), which is equivalent to 55% of NLMK Group’s net profit or 64% of the Company’s free cash flow based on its 2Q’16 IFRS consolidated results.

The date upon which the shareholders entitled to 2Q’16 dividends will be determined was set as 12 October 2016.

1H’16 dividends will amount to RUB 13,245 m (-14% yoy), which is equivalent to 84% of NLMK Group’s net profit or 47% of the Company’s free cash flow based on its 1H’16 IFRS consolidated results.

Dividend yield* on 2Q’16 dividends will total 7.5%.

*Dividend yield is calculated as the sum of dividends for the past 12 months, divided by the sum of the company’s market capitalization on the last day of the relevant period, yoy.

For more information about NLMK Group’s dividend policy please go to NLMK’s site.

For more information about dividend yield please follow the link.