Polyus Board of Directors changed its mind about paying dividends
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The Board of Directors of Russia’s largest gold miner, Polyus, withdrew its recommendation to the shareholders’ meeting to pay dividends for 2022 in the amount of RUB 436.79. per share. Polyus reported this on June 6. “In light of the recent sanctions, the Board of Directors has revised its previously issued dividend recommendation,” Polyus said in a press release.
As a representative of the gold miner explained to Vedomosti, “sanctions created uncertainty, the company in such conditions chose a more conservative approach to the issue of dividends.” Polyus quotes on the Moscow Exchange reacted to the news with growth. As of May 17, the value of shares grew by 3%, reaching 10,350 rubles at the moment. a piece.
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