Dividends

According to the dividend policy adopted in 2017, The Company aims to pay out in the form of dividends at least 30% of operating cash flow (OCF) based on consolidated IFRS financial statements When considering a dividend recommendation, the Board of Directors will strive to maximise the amount to be paid, while taking into account the Company's cash requirements for debt repayments, compliance with covenants and capital expenditure

Year	Total dividends, RUB¹	Dividend per share	Date of payment
2019³	14 999 894 628,24 ₽	22,71 ₽	22.10.2020
2018³	14 999 894 628,24 ₽	22,71 ₽	5.07.2019
2017³	14 999 894 628,24 ₽	22,71 ₽	9.10.2018
2016	Decision was not taken²	No dividend was paid	—
2015	Decision was not taken²	No dividend was paid	—
2014	Decision was not taken²	No dividend was paid	—
2013³	2 747 668 951,04 ₽	4,16 ₽	10.12.2014

1 — Total dividends declared on all ordinary shares, RUB2 — Decision to pay (declare) dividends by the Issuer was not taken3 — Time period not applicable. Dividends were paid as partial distribution of retained earnings for the preceding periods

Dividend policy

Dividend policy 2017295 КБайта