In making recommendations on the dividend amount, the Board of Directors is guided by the following principles:

  1. Dividend payment will be not less than 100% of free cash flow if Net Debt to EBITDA ratio < 1
  2. Dividend payment will be not less than 50% of free cash flow if Net Debt to EBITDA ratio > 1

Report on the dividend policy on MMK shares

In 2024, by resolutions of the General Meetings of Shareholders, dividends were declared for FY2023
Reporting period FY2020  1Q 2021 1H 2021 9M 2021 FY2023
Recommendations of MMK’s Board of Directors to MMK’s Annual General Meeting on the amount of dividend payments On 29 January 2021, MMK’s Board of Directors recommended to approve a dividend of RUB 0,945 per share On 20 April 2021, MMK’s Board of Directors recommended to approve a dividend of RUB 1,795 per share On 21 July 2021, MMK’s Board of Directors recommended to approve a dividend of RUB 3,530 per share On 25 October 2021, MMK’s Board of Directors recommended to approve a dividend of RUB 2.663 per share On 26 April 2024, MMK’s Board of Directors recommended to approve a dividend of RUB 2.752 per share
Result of the vote to approve the dividend On 28 May 2021, the Annual General Meeting of MMK approved the dividend recommended by MMK’s Board of Directors On 28 May 2021, the Annual General Meeting of MMK approved the dividend recommended by MMK’s Board of Directors On 10 September 2021, the Extraordinary General Meeting of MMK approved the dividend recommended by MMK’s Board of Directors On 24 December 2021, the Extraordinary General Meeting of MMK approved the dividend recommended by MMK’s Board of Directors
On 30 May 2024, the Annual General Meeting of MMK approved the dividend recommended by MMK’s Board of Directors
Payment of dividends to nominee holders and trustees 1 July 2021 1 July 2021 11 October 2021 27 January 2022 25 June 2024
Payment of dividends to other shareholders of record 22 July 2021 22 July 2021 1 November 2021 17 February 2022 16 July 2024
MMK’s five-year dividend history:
Year for which dividend was declared
Dividend amount per share, RUB
Dividends accrued, millions
2018  (for Q1, 1H, 9M and FY) 5,902 65 951 ₽ / 1 007 $ 
2019  (for Q1, 1H, 9M and FY) 5,335 59 615 ₽ / 911 $ 
2020  (for 1H, 9M and FY)
3,943 44 060 ₽ / 593 $ 
2021  (for Q1, 1H and 9М) 7,988 89 261 ₽ / 1,223 $ 
2022 FY 0 0
2023 FY 2,752

30 752 ₽ / 345 $


DIVIDEND
POLICY

Regulations on the dividend policy

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176.02 Kb

Dividends

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50 Kb

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