Severstal can pay 36.27 rbl/share in dividends for October–December

MOSCOW, Feb 4 (PRIME) -- The board of directors of Russian steelmaker Severstal have recommended paying 36.27 rubles per share in dividends for October–December, the company said in a statement on Thursday.

The shareholders will decide on the matter at a meeting on May 21.

The shareholder register for participation in the meeting will be closed on April 26. The recommended record date is June 1.

Severstal paid 26.26 rubles per share in dividends for October–December 2019.

In 2020, the company already paid 27.35 rubles per share, or a total of around 22.91 billion rubles, in dividends for January–March, 15.44 rubles per share, or a total of 12.93 billion rubles, for April–June and 37.34 rubles per share, or a total of 31.28 billion rubles for July–September.

The core owner of Severstal is tycoon Alexei Mordashov with a stake of 77.03%.

(76.0801 rubles – U.S. $1)

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