Home / Investor Relations /

Print

DIVIDENDS

In order to increase the investment attractiveness of the Company and ensure maximum transparency to all stakeholders regarding its financial policy, the Board of Directors has adopted a dividend and leverage guidance.

The dividend payout recommendation will be based on the actual financial performance and strength of the balance sheet of PAO Raspadskaya and its subsidiaries, taking into account the outlook for coal prices, the Board’s view of the long-term stability and growth prospects of the business as well as future capital investment requirements.

The Company intends to declare dividends semi-annually on the basis of the consolidated IFRS financial statements in the amount of:

* not less than 100% FCF, if Net Debt/EBITDA is less than 1.0

* not less than 50% FCF, if Net Debt/EBITDA is above 1.0

In order to ensure the strength of the balance sheet and long-term stability, the Company will target to maintain Net Debt/EBITDA below 2.0x throughout the cycle.

Dividend payout history record

25.08.2016

Dividend Policy of Public Joint Stock Company Raspadskaya (pdf, 97,7 Kb)