Investors

For shareholders

Dividends

Dividend Policy

On 26 April 2018, the Board of Directors of PAO TMK approved TMK’s updated Dividend Policy. The main objective of the dividend policy is to establish a transparent and efficient mechanism for determining the total amount of dividends, and to introduce the procedure governing their payment. The dividend policy aims to increase TMK's capitalization and the Company’s investment appeal, increase the welfare, take into consideration and balance the interests of all shareholders.

In accordance with the Dividend Policy, TMK aims to pay dividends amounting to at least 25% of its annual IFRS consolidated net profits, whilst taking into account TMK’s financial results, the amount of retained earnings, capex, availability of funds from external sources, and other relevant factors. The decision on three-month, six-month and nine-month dividends is taken by a shareholders' meeting within three months of the end of the respective period. The decision on annual dividends is taken at the annual General Meeting of Shareholders.

Dividend History

Dividend Period

Type

Record Date

Dividend Per Share (RUB)

Total Amount (RUB) of Declared Dividends

2020

Full Year

Was not determined

0

Decision not to pay dividends was taken

2019

Interim

18-Jul-19

2.55

2,634,495,183.30

2018

Full Year

Was not determined

0

Decision was taken not to pay dividends

2017

Full Year

02-Jul-18

2.28

2,355,548,634.48

2016

Full Year

20-Jun-17

1.96

2,024,945,317.36

2016

Interim

10-Oct-16

1.94

2,004,282,610.04

2015

Interim

23-Oct-15

2.42

2,400,415,569.20

2014

Interim

12-Jan-15

0.397

393,786,159.48

2013

Full Year

07-Jul-14

0.78

731,317,153.32

2013

Interim

04-Oct-13

1.04

975,089,537.76

2012

Full Year

20-May-13

0.84

787,572,318.96

2012

Interim

27-Sep-12

1.50

1,406,379,141.00

2011

Full Year

21-May-12

2.70

2,531,482,453.80

2011

Interim

03-Oct-11

0.93

871,955,067.42

2010

Full Year

19-May-11

0.85

796,948,179.90

2008

Interim

03-Oct-08

1.75

1,527,751,750.00

2007

Full year

15-May-08

1.03

899,191,030.00

2007

Interim

08-Nov-07

3.63

3,168,993,630.00

2006

Full Year

21-May-07

4.30

3,753,904,300.00

2005

Full Year

15-May-06

0.54

473,358,602.22

2005

Interim

5-May-05

0.084

73,332,084.00

Subscribe To News Letter