Currently viewing Global edition

Polyus decides on US$311m dividend

Polyus Gold (MOEX:PLZL) plans to pay out a dividend for the second half of 2017 of Rb19.5 billion (US$311 million).
Polyus decides on US$311m dividend Polyus decides on US$311m dividend Polyus decides on US$311m dividend Polyus decides on US$311m dividend Polyus decides on US$311m dividend

Polyus is rewarding its shareholders with a strong dividend payment

Staff reporter

The dividend of Rb147.12, or US$2.35, per ordinary share was recommended by the board of directors and is subject to shareholder approval at an annual general meeting on May 31.

The dividend record date will be June 10 and will bring the total pay-out for 2017 to US$550 million, including the $239 million paid out in October for the first half of the year.

Polyus' current dividend policy requires a total dividend payouts for 2017 and 2018 to be either higher than 30% of the company's EBITDA for the reporting year or $550 million.

The company had a strong March quarter and aims to produce 2.375-2.425 million ounces of gold in 2018.