MMK owners approve 0.6 rbl/share in dividends for AprЦJun
MOSCOW, Sep 16 (PRIME) -- The shareholders of RussiaТs Magnitogorsk Iron and Steel Works (MMK) have approved paying 0.607 rubles per share in dividends for AprilЦJune, the company said in a statement on Wednesday.
In 2019, the company paid 0.69 rubles per share, or 7.71 billion rubles, or 200% of free cash flow, in dividends for AprilЦJune.
Viktor Rashnikov, chairman of the board of directors, holds 84.26% in MMK, while free float accounts for 15.7%.
(75.1884 rubles Ц U.S. $1)