The Company’s dividend history for the last 6 years

The dividend policy of the Company is based on the balance of interest between the Company and its shareholders at the determination of the dividend amount as well as respect and strict adherence to the observation of shareholder rights stipulated by the Russian legislation, the Charter and our internal documents. It is aimed at increasing our investment attractiveness and market capitalization.

According to the approved dividend policy principles (BoD protocol #73 dd. 31.08.2010) dividends are distributed from the net profit (without revaluation of financial investments) following its distribution to obligatory reserves, investment program as well as clearing off of the operating losses shown in previous years. Besides, conditions, stipulated underneath, should be obligatorily fulfilled while deciding on the dividend payout:

  • There should be net profit without revaluation of financial investments;
  • Debt/EBITDA ratio as of the year end should not exceed 3;
  • Set reliability and service quality indicators should be achieved.

To view the Regulations on the Company’s dividend policy (BoD Protocol #73 dd. 03.09.2010), please, visit our official web-site (Section Founding and Internal Documents).

On June 13, 2013 the AGSM decided to pay RUR 156 501 thous. as dividends. The amount of dividend per share totaled RUR 0.00179. Accrued dividends were paid out within the terms set forth by the legislation.

Profit distribution 20122011 2010 2009 2008 2007
Net profit, RUR thous., including: 625 8142 548 050 1 684 773 1 053 267 861 352 4 008
Reserve fund 31 291127 402 5 84 239 52 553 43 068
Enterprise development 438 0222 175 842 1 355 729 1 000 714 818 284
Discharge of losses -
Dividends, RUR thous. 156 501 244 805 244 805 4 008
% of the net profit 25.0% 9.6% 14,5% 100%
Amount of dividend per share, RUR 0.00179 0.0028 0.0028 0.0015941