— The company shall pay dividends on an annual basis, the company will endeavour to pay interim dividends provided that its current financial position is sustainable;
— The dividend payout will depend on the performance of PAO Severstal and its subsidiaries, i.e. it will vary with the amount of net profits and its free cash flow of PAO Severstal and its subsidiaries;
— In the medium term, the company intends to declare dividends on a quarterly basis, so that the total annual dividend amount is equivalent to 100% of free cash flow of PAO Severstal and its subsidiaries for the respective reporting period determined on the basis of periodic consolidated financial statements of PAO Severstal and its subsidiaries prepared in accordance with International Financial Reporting Standards (“the Consolidated financial statements”), provided that the net debt/EBITDA ratio based on figures in the Consolidated financial statements is lower than 1.0x, the company is allowed to make amendments as a result of seasonal fluctuations in working capital;
— Should the net debt/EBITDA ratio, determined on the basis of the Consolidated financial statements, be lower than 0.5x, the amount of paid dividends can exceed 100% of free cash flow, based on the Consolidated financial statements for the respective reporting period;
— Should the net debt/EBITDA ratio be higher than 1.0x, the company shall move to a policy of paying dividends on a quarterly basis with an average amount for the results of a calendar year equivalent to 50% of free cash flow for the respective reporting period, determined on the basis of the Consolidated financial statements until the net debt/EBITDA ratio returns to 1.0x or below.
The Board of Directors whilst making recommendations on the amount of dividends may also use indicators other than those indicated in the clause 3.1 of the Regulations for the dividend policy of PAO “Severstal”. Those indicators might be: net profit determined on the basis of the Consolidated financial statements, net and undistributed profit determined on the basis of the financial (accounting) statements of PAO Severstal prepared in accordance with Russian Accounting Standards.
The current number of issued ordinary shares is 837,718,660.| Period | Shares Outstanding | Record date for dividends | Dividend Per Share, RUB | Total amount of declared dividends, RUR | Starting Date for Payments |
|---|---|---|---|---|---|
| 2021 interim 9 months | 837,718,660 | 14.12.21 | 85.93 | 71,985,164,453.80 | 15.12.21 |
| 2021 interim 6 months | 837,718,660 | 02.09.21 | 84.45 | 70,745,340,837 | 03.09.21 |
| 2021 interim 3 months | 837,718,660 | 01.06.21 | 46.77 | 39,180,101,728.20 | 02.06.21 |
| 2020 full year | 837,718,660 | 01.06.21 | 36.27 | 30,384,055,798.20 | 02.06.21 |
| 2020 interim 9 months | 837,718,660 | 08.12.20 | 37.34 | 31,280,414,764.40 | 09.12.20 |
| 2020 interim 6 months | 837,718,660 | 08.09.20 | 15.44 | 12,934,376,110.40 | 09.09.20 |
| 2020 interim 3 months | 837,718,660 | 16.06.20 | 27.35 | 22,911,605,351 | 17.06.20 |
| 2019 full year | 837,718,660 | 16.06.20 | 26.26 | 21,998,492,011.60 | 17.06.20 |
| 2019 interim 9 months | 837,718,660 | 03.12.19 | 27.47 | 23,012,131,590.20 | 04.12.19 |
| 2019 interim 6 months | 837,718,660 | 17.09.19 | 26.72 | 22,383,842,595.20 | 18.09.19 |
| 2019 interim 3 months | 837,718,660 | 18.06.19 | 35.43 | 29,680,372,123.80 | 19.06.19 |
| 2018 full year | 837,718,660 | 07.05.19 | 32.08 | 26,874,014,612.80 | 08.05.19 |
| 2018 interim 9 months | 837,718,660 | 04.12.18 | 44.39 | 37,186,331,317.40 | 05.12.18 |
| 2018 interim 6 months | 837,718,660 | 25.09.18 | 45.94 | 38,484,795,240.40 | 26.09.18 |
| 2018 interim 3 months | 837,718,660 | 19.06.18 | 38.32 | 32,101,379,051.20 | 20.06.18 |
| 2017 full year | 837,718,660 | 19.06.18 | 27.72 | 23,221,561,255.20 | 20.06.18 |
| 2017 interim 9 months | 837,718,660 | 05.12.17 | 35.61 | 29,831,161,482.60 | 06.12.17 |
| 2017 interim 6 months | 837,718,660 | 26.09.17 | 22.28 | 18,664,371,744.80 | 27.09.17 |
| 2017 interim 3 months | 837,718,660 | 20.06.17 | 24.44 | 20,473,844,050.40 | 21.06.17 |
| 2016 full year | 837,718,660 | 20.06.17 | 27.73 | 23,229,938,441.80 | 21.06.17 |
| 2016 interim 9 months | 837,718,660 | 13.12.16 | 24.96 | 20,909,457,753.60 | 14.12.16 |
| 2016 interim 6 months | 837,718,660 | 16.09.16 | 19.66 | 16,469,548,855.60 | 17.09.16 |
| 2016 interim 3 months | 837,718,660 | 05.07.16 | 8.25 | 6,911,178,945 | 06.07.16 |
| 2015 full year | 837,718,660 | 05.07.16 | 20.27 | 16,980,557,238.20 | 06.07.16 |
| 2015 interim 9 months | 837,718,660 | 21.12.15 | 13.17 | 11,032,754,752.20 | 22.12.15 |
| 2015 interim 6 months | 837,718,660 | 28.09.15 | 12.63 | 10,580,386,675.80 | 29.09.15 |
| 2015 interim 3 months | 837,718,660 | 05.06.15 | 12.81 | 10,731,176,034.60 | 06.06.15 |
| 2014 full year | 837,718,660 | 05.06.15 | 14.65 | 12,272,578,369 | 06.06.15 |
| 2014 interim 9 months | 837,718,660 | 25.11.14 | 54.46 | 45,622,158,223.60 | 26.11.14 |
| 2014 interim 6 months | 837,718,660 | 22.09.14 | 2.14 | 1,792,717,932.40 | 23.09.14 |
| 2014 interim 3 months | 837,718,660 | 23.06.14 | 2.43 | 3,208,462,467.80 | 24.06.14 |
| 2013 full year | 837,718,660 | 23.06.14 | 3.83 | 2,035,656,343.80 | 24.06.14 |
| 2013 interim 9 months | 837,718,660 | 31.10.13 | 2.01 | 1,683,814,506.60 | 18.12.13 |