At the annual general meeting on May 20, ALROSA shareholders have agreed to pay 14.88 billion rubles ($164.3 million), or 2.02 rubles per share, in dividends for the second half of 2023. Earlier, the supervisory board of ALROSA has issued a recommendation to pay this sum as dividends.
In accordance with the current dividend policy of ALROSA, payments are calculated depending on free cash flow and debt, but not lower than 50% of net profit under IFRS.
ALROSA’s IFRS net profit for 2023 amounted to 85.18 billion rubles. Taking into account the dividends paid for the first half of the year, dividends for the second half exceed 50% of the company's net profit.
At an extraordinary general meeting in September 2023, ALROSA's shareholders agreed to pay 27.77 billion rubles in dividends for the first half of 2023, or 3.77 rubles per share.
In addition, based on the voting results on May 20, the company’s shareholders approved annual report and annual financial statements for 2023.
Theodor Lisovoy, Editor in Chief, Rough&Polished
