Severstal can pay 37.34 rbl/share in dividends for July–September

MOSCOW, Oct 22 (PRIME) -- The board of directors of Russian steelmaker Severstal have recommended paying 37.34 rubles per share, in dividends for July–September, the company said in a statement on Thursday.

The shareholders will decide on the matter at a meeting on November 27.

The shareholder register for participation in the meeting will be closed on November 2. The recommended setting the record date for December 8.

Severstal paid 27.47 rubles per share in dividends for July–September 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 and 15.44 rubles per share, or a total of 12.93 billion rubles, for April–June.

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

(77.0322 rubles – U.S. $1)

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