RusHydro Group (hereinafter referred to as the “Group”,
ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has
fully paid the dividend for 2018. Total amount of dividend paid
amounted to RUB 15.674 bn or the average of the last three years
according to the new dividend policy.
The total amount of dividend distributed to
shareholders was RUB 15.666 bn. On September 30, 2020, the Annual
General Meeting of Shareholder of RusHydro resolved to pay dividends
for 2019 in the amount of RUB 0.03568039 per share.
Because PJSC RusHydro and JSC VTB Registrar
are missing correct banking or postal details of some shareholders,
dividend to these shareholders was returned to the company in
compliance with the current legislation.
RusHydro is committed to long-term dividend growth
in the interest of shareholders taking into account the company’s
development priorities. In recent years, the company has consistently
paid dividends at 50% of its IFRS net profit. In the current year the
dividends were paid in accordance to the new dividend policy approved
by the Board of Directors in 2019 setting the payment at 50% of IFRS
net profit but not less than the last three-year average. Such
measure guarantees shareholders a minimal dividend amount and
improves the company’s investment attractiveness. During 2016-2020,
the company has paid RUB 77.7 bn in dividends including over RUB 48
to the budget of Russian Federation.