Dividend Policy
On 26 April 2018, the Board of Directors of PAO TMK approved TMK’s updated Dividend Policy. The main objective of the dividend policy is to establish a transparent and efficient mechanism for determining the total amount of dividends, and to introduce the procedure governing their payment. The dividend policy aims to increase TMK's capitalization and the Company’s investment appeal, increase the welfare, take into consideration and balance the interests of all shareholders.
In accordance with the Dividend Policy, TMK aims to pay dividends amounting to at least 25% of its annual IFRS consolidated net profits, whilst taking into account TMK’s financial results, the amount of retained earnings, capex, availability of funds from external sources, and other relevant factors. The decision on three-month, six-month and nine-month dividends is taken by a shareholders' meeting within three months of the end of the respective period. The decision on annual dividends is taken at the annual General Meeting of Shareholders.
Dividend History
|
Dividend Period |
Type |
Record Date |
Dividend Per Share (RUB) |
Total Amount (RUB) of Declared Dividends |
|
2023 |
Full Year |
04-Jun-24 |
9.51 |
10,004,520,000.00 |
|
6 months 2023 |
Interim |
05-Sep-23 |
13.45 |
13,895,670,672.70 |
|
2022 |
Full Year |
Was not determined |
0 |
Decision not to pay dividends was taken |
|
9 months 2022 |
Interim |
31-Jan-23 |
6.78 |
7,004,657,781.48 |
|
6 months 2022 |
Interim |
09-Sep-22 |
9.68 |
10,000,750,342.88 |
|
2021 |
Full Year |
27-May-22 |
0.82 |
847,171,000.12 |
|
6 months 2021 |
Interim |
17-Sep-21 |
17.71 |
18,296,827,331.86 |
|
2020 |
Full Year |
26-Apr-21 |
9.67 |
9,990,418,989.22 |
|
6 months 2020 |
Interim |
07-Dec-20 |
3.00 |
3,099,406,098.00 |
|
2019 |
Full Year |
Was not determined |
0 |
Decision not to pay dividends was taken |
|
2019 |
Interim |
18-Jul-19 |
2.55 |
2,634,495,183.30 |
|
2018 |
Full Year |
Was not determined |
0 |
Decision was taken not to pay dividends |
|
2017 |
Full Year |
02-Jul-18 |
2.28 |
2,355,548,634.48 |
|
2016 |
Full Year |
20-Jun-17 |
1.96 |
2,024,945,317.36 |
|
2016 |
Interim |
10-Oct-16 |
1.94 |
2,004,282,610.04 |
|
2015 |
Interim |
23-Oct-15 |
2.42 |
2,400,415,569.20 |
|
2014 |
Interim |
12-Jan-15 |
0.397 |
393,786,159.48 |
|
2013 |
Full Year |
07-Jul-14 |
0.78 |
731,317,153.32 |
|
2013 |
Interim |
04-Oct-13 |
1.04 |
975,089,537.76 |
|
2012 |
Full Year |
20-May-13 |
0.84 |
787,572,318.96 |
|
2012 |
Interim |
27-Sep-12 |
1.50 |
1,406,379,141.00 |
|
2011 |
Full Year |
21-May-12 |
2.70 |
2,531,482,453.80 |
|
2011 |
Interim |
03-Oct-11 |
0.93 |
871,955,067.42 |
|
2010 |
Full Year |
19-May-11 |
0.85 |
796,948,179.90 |
|
2008 |
Interim |
03-Oct-08 |
1.75 |
1,527,751,750.00 |
|
2007 |
Full year |
15-May-08 |
1.03 |
899,191,030.00 |
|
2007 |
Interim |
08-Nov-07 |
3.63 |
3,168,993,630.00 |
|
2006 |
Full Year |
21-May-07 |
4.30 |
3,753,904,300.00 |
|
2005 |
Full Year |
15-May-06 |
0.54 |
473,358,602.22 |
|
2005 |
Interim |
5-May-05 |
0.084 |
73,332,084.00 |