Dividends

Dividend Policy

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)

Year Ex-dividend
date

Dividends,
RUB mn
Dividend
per Share, RUB
LTM
Dividend
Yield, %
2012 17.05.2013 420 142,240.13
2013 19.07.2014 847 1.15
2011 28.11.2014 206 0.28
2013 28.11.2014 282 0.38
9m 2014 28.11.2014 1,1411.54
2014 19.07.2015 839 1.14
9m 2015 15.12.2015 1,420 1.92
2014 15.12.2015 714 0.97
2015 17.07.2016 1,308 1.77
9m 2016 12.12.2016 3,119 4.22
2016 17.07.2017 2,572 3.48
9m 2017 15.12.2017 2,195 2.97 7.1%
2017 29.05.2018 2,867 3.88 7.2%
9m 2018 26.12.2018 3,244 4.398.9%
201827.05.2019 3,289 4.45 10.0%
9m 2019 17.12.2019 3,7395.0610.4%
201911.07.20202,2173.08.1%

Note: LTM Dividend Yield is calculated at the record date

Contacts

Sergey Levitsky
Head of Investor Relations
+7 495 781-08-08 ext. 2315