The Board of Directors of Detsky Mir PJSC approved a dividend policy for the Company in 2016, establishing a set of recommendations regarding the size of dividends on shares and the payout procedure.
The key principles of the dividend policy are as follows:
1. The recommended amount of dividend payments shall be determined by the Board of Directors and shall amount to a minimum of 50% of the Company’s net profit based on annual consolidated financial statements of the preceding year, made up in compliance with IFSR, given that the implementation of the Company’s investment program is ensured and the Company’s financial sustainability is maintained. Moreover, according to the Russian legislation, the aggregate amount of dividend payments shall be limited not to exceed the amount of nonconsolidated net profit of the Company, based on the Company’s accounting (financial) statements made up in accordance with Russian Accounting Standards.
2. The Company reserves the right to pay interim dividends based on the results of Quarterly reports.
The ultimate decision on payment of dividends will always be subject to approval of the General Meeting of Shareholders.
Dividend History (Declared Dividends)
per Share, RUB
* Adjusted profit under RAS for 9 months of 2021 amounted to 6.3 billion rubles and is calculated as net profit under RAS for 9 months in the amount of 7.6 billion rubles less a one-time income received from a government subsidy in the form of forgiven debt in Q2 2021 in the volume of 1.3 billion rubles. The company does not plan to distribute the received subsidy as dividends in 2021.