RusHydro has fully paid the dividend for 2018
August 14, 2019. Moscow, Russia. RusHydro Group (hereinafter referred to as the “Group”, ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that it has fully paid the dividend for 2018. Total amount of dividend paid amounted to RUB 15.92 bn (increase of 42% over last year) or 50% of RusHydro Group’s consolidated net profit under IFRS for 2018.
The total amount of dividend distributed to shareholders was RUB 15.88 bn. On June 28, 2019, the Annual General Meeting of Shareholder of RusHydro resolved to pay dividends for 2018 in the amount of RUB 0.0367388 per share.
RusHydro is committed to long-term dividend growth in the interest of shareholders taking into account company’s development priorities. Over the last three years, the company has paid dividends at 50% of its net profit. Total amount of dividends paid over that period amounted to RUB 46 bn including a record amount of RUB 19.9 bn in 2017. In April 2019, the Board of Directors approved PJSC RusHydro’s dividend policy. The new provision stipulates for a base scenario of dividend payout ratio at 50% of the company’s IFRS net profit. At the same time, a minimal payout level is set at the average amount of dividends paid over the last three years. Such measure guarantees shareholders a minimal dividend amount and improves the company’s investment attractiveness. The changes to the dividend policy will be in effect for three years.
Because PJSC RusHydro and JSC VTB Registrar are missing correct banking or postal details of some shareholders, dividend to these shareholders was returned to the company in compliance with the current legislation.
The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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