NLMK Board of Directors recommends dividends for Q4 2019

At a meeting held on 12 February 2020, NLMK Group's (LSE: NLMK) Board of Directors recommended the Company's shareholders to approve Q4'19 dividend of RUB 5.16 per share.

NLMK Group's Board of Directors recommended NLMK shareholders to approve Q4'19 dividend in the amount of RUB 5.16 per share. Taking into account dividends accrued in Q1-Q3’19, 12M’19 dividends will total RUB 19.4 per share, which is approximately 120% of NLMK Group’s free cash flow for the relevant period.

The Board of Directors also recommended that shareholders set the date upon which the shareholders entitled to Q4'19 dividends will be determined as 6 May 2020.

Previously, at the EGM held on 20 December 2019, NLMK shareholders approved Q3'19 dividends in the amount of RUB 3.22 per share. Total 9M'19 dividends amounted to RUB 14.24 per share.