The Board of Directors of Rusal recommended paying dividends for the first half of the year at the rate of $0.02 per share
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The Board of Directors of Rusal held a meeting on 29 August. At it, he recommended that shareholders pay dividends for the first half of 2022 at the rate of $0.02 per ordinary share. This was reported by the TASS agency with reference to the company’s statement on the website of the Hong Kong Stock Exchange. This could be Rusal’s first dividend payment since 2017.
“The company announces that at its Board of Directors meeting held on Monday, August 29, it was decided to recommend to the Extraordinary Shareholders Meeting to pay dividends for the first half of 2022 in cash at the rate of $0.02 per ordinary share,” the company said. . The Extraordinary Meeting of Shareholders will be held on September 30, 2022.
The company’s policy is to pay dividends of 15% of Adjusted EBITDA (including dividends from Norilsk Nickel). Company’s Adjusted EBITDA for 2021 increased 3.3 times and reached $2.89 billion. Over the year, the company’s revenue increased by 40% and amounted to $11.99 billion.
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