X5 Retail Group still plans to pay 50 bln rbl in 2021 dividends

MOSCOW, Oct 26 (PRIME) -- Russia’s X5 Retail Group maintains its plans to pay 50 billion rubles in dividends for 2021, the company said in a statement on Monday quoting CEO Igor Shekhterman.

“At the moment, X5 is also on track to deliver 50 billion rubles in dividends based on our expected full year performance,” he said, as quoted by the company.

Previously, the company paid 30 billion rubles, or 110.49 rubles per global depositary receipt (GDR), in final dividends for 2020. Taking into account the interim dividends paid in December 2020, the combined payout for 2020 stood at 50 billion rubles, accounting for 176.4% of the company’s net profit for the year.

The core shareholder of X5 Retail Group is CTF Holdings S.A., part of Alfa-Group, with a 47.86% stake. The company’s free-float is 40.61%.

(70.1345 rubles – U.S. $1)

End