Its board of administrators really useful the fee of 1,523.17 roubles per share, the miner mentioned in an announcement.
It paid 623.35 roubles per share for January-September, 2020, and its complete 2020 payout was affected by a $2 billion high-quality for the 2020 Arctic gasoline spill. The miner then compensated a part of the decline with a buyback of its shares.
Interros Holding, owned by Nornickel’s chief government Vladimir Potanin, and aluminium producer Rusal are Nornickel’s largest shareholders with 36% and 26%, respectively.
Nornickel’s dividend coverage is ready beneath an settlement between Interros and Rusal, for which the miner’s funds are an essential supply of earnings, and their present settlement expires on Jan. 1, 2023.
Potanin mentioned in September that Nornickel would follow its coverage of paying out 60% of core earnings in dividends for 2021 as Rusal didn’t approve a decrease payout.
($1 = 74.9679 roubles) (Reporting by Anastasia Lyrchikova and Polina Devitt; enhancing by David Evans and Susan Fenton).