9,549.89 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.57 USD USD USD
36.25 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
74.60 USD Fossil Oil Fossil Oil
30.71 USD Silver Silver
4.16 USD Copper Copper
100.33 USD Iron Ore Iron Ore
364.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,961.97 TRY Gold (gr) Gold (gr)

NLMK will not pay dividends for 2022

NLMK Group shareholders approved the company's decision not to pay dividends at its annual meeting today.

NLMK will not pay dividends for 2022

NLMK Group shareholders approved the decision not to pay dividends at the company's annual meeting held today. The company has not paid dividends since the end of 2021.

At the end of last year, the company's board of directors advised shareholders to consider paying a dividend of 2.6 rubles per share for 9 months of 2022, but the payment was not approved by the shareholders.

The company did not disclose its 2022 financial statements. Under its dividend policy, NLMK pays shareholders 100% free cash flow (FCF) if their net debt to EBITDA ratio is less than or equal to 1x.

The updated structure of NLMK's board of directors was not disclosed.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Linde Gas Polska cooperates with ArcelorMittal Poland

Monday, November 25, 2024

Rising local scrap prices and import patterns in UAE's steel sector

Monday, November 25, 2024

Downward trend in the Turkish steel market: Rebar and billet prices under pressure

Monday, November 25, 2024

SAIL signs deal with Danieli to set up bar mill in Durgapur

Monday, November 25, 2024

BENTELER supplies CliMore® sustainable tubes to the construction industry

Monday, November 25, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now