The Company’s dividend policy is intended to ensure the strategic development of PJSC RusHydro and growth in shareholder value, by creating an optimal balance between dividend payments to shareholders and earning capitalization.
With the view to improve transparency and visibility of dividends the Board of Directors approved amended dividend policy on April 19, 2019. The policy sets a base dividend payout at 50% of consolidated net profit under IFRS for the respective reporting year as well as sets a minimal dividend threshold calculated as the average amount of dividend paid over previous three years in accordance with the formula:
DIVthreshold = (Div-3year + Div-2year+Div-1year)/3
Оn May 27, 2021 Company's Board of Directors has extended the dividend policy for six years from the date of the meeting.
Dividend history of the Company
No dividends were declared or paid by the Company for 2008 and 2009.
Dividends are declared and paid by the Company on ordinary shares. No preferred shares have been placed by the Company.
1Dividends for the years in question were paid to all eligible persons, except for persons with regard to which RusHydro PJSC and VTB Registrar JSC (the registrar of RusHydro PJSC) do not have exact and sufficient addresses and bank details, as well as persons with regard to which dividends were partially returned to RusHydro PJSC due to the impossibility of paying dividends as a result of reasons beyond the control of the nominal holder.
Shares / ADR