Dividends on Severstal shares in 2021 - size and register closure date

Dividends on Severstal shares in 2021 - size and register closure date

Home → Dividends→ Shares of Severstal JSC - forecast, payment history

A table with the complete history of dividends of the Severstal company, indicating the amount of payment, the date of closure of the register and the forecast:

*Note 1: The Moscow Exchange operates on the T+2 trading system. This means that settlements for buying and selling shares occur within 2 business days. Therefore, to be included in the register of shareholders and receive dividends, you must be a shareholder 2 days before the cutoff.

*Note 2: Exact payout date varies by broker and issuer. The predicted nearest date for receipt of dividends to the brokerage account for the company SevSt-ao: June 14, 2021.

Total dividends of Severstal JSC shares by year and changes in their size compared to the previous year:

The amount of dividends paid by Severstal JSC for the entire period is 873.05 rubles.

Average amount for 3 years: 125 rubles, for 5 years: 115.1 rubles.

DSI indicator: 0.86.

You can buy shares of Severstal JSC with minimal commissions from stock brokers: Finam and BCS. Free deposits and withdrawals. Online registration.

Brief information about the issuer Severstal (PJSC) JSC

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Dividends

In April 2021, the Board of Directors approved a new version of the Regulations on the Dividend Policy of PJSC Severstal (the first version of the Regulations on the Dividend Policy was approved by the Board of Directors in October 2014) and updated the basic principles of the company’s corporate dividend policy.

The current dividend policy is based on the following principles:

— dividends are paid annually, and the company will strive to pay interim dividends provided that its current financial position is stable;

— when determining the amount of dividends, the performance results of PJSC Severstal and its subsidiaries must be taken into account, that is, the amount of dividends may vary depending on the amount of net profit and free cash flow of the company and its subsidiaries;

— in the medium term, the company intends to pay dividends quarterly, the average amount of which based on the results of the calendar year will be equivalent to 100% of the free cash flow of Severstal PJSC and its subsidiaries, calculated on the basis of the consolidated financial statements of Severstal PJSC and its subsidiaries compiled in accordance with international financial reporting standards (hereinafter referred to as the “Consolidated Financial Statements”), and received for the corresponding reporting period, provided that the “net debt/EBITDA” ratio calculated on the Consolidated Financial Statements will be below 1.0x, with In this case, the company can make adjustments for seasonal fluctuations in working capital;

— if the net debt/EBITDA ratio, calculated on the basis of the Consolidated financial statements, is below 0.5x, then the amount of dividends paid may exceed 100% of the free cash flow of Severstal PJSC and its subsidiaries, calculated on the basis of the Consolidated financial statements reporting for the corresponding reporting period;

— provided that the net debt/EBITDA ratio grows above 1.0x, the company switches to a dividend policy that involves quarterly payment of dividends, the average amount of which based on the results of the calendar year will be equivalent to 50% of the free cash flow calculated on the basis of the Consolidated financial statements, for the relevant reporting period, until the net debt/EBITDA ratio decreases to 1.0x or below.

When developing recommendations on the amount of dividends, the Board of Directors may also use other indicators, in addition to the indicators specified in clause 3.1 of the Regulations on the dividend policy of Severstal PJSC. The following indicators can be used: net profit determined on the basis of the Consolidated financial statements; net and retained earnings determined on the basis of the accounting (financial) statements of PJSC Severstal, compiled in accordance with Russian accounting standards.

The company's authorized capital is divided into 837,718,660 ordinary registered shares.

Full history of dividend payments of PJSC Severstal

The table below shows the dividend payout pattern for the last five years: