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Dividends

Dividend Policy

PhosAgro’s dividend policy is based on the following principles:

  • shareholders’ interests are to be balanced between payment of dividends and reinvestment of profit into further development;
  • there is to be a transparent and predictable dividend policy that is attractive to investors; and
  • the majority of profit is to be used for reinvestment to support the Company’s growth.

A decision regarding the payment of a dividend, its timing and the exact amount of such a payment is subject to approval of the General Shareholders Meeting, based on recommendations by the PhosAgro Board of Directors. The Board of Directors’ recommendations depend on such factors as the Company’s earnings, cash requirements, and financial position.

The amount of dividend payments is based on the Company’s net profits for set reporting periods (first quarter, six months, nine months and/or full year) calculated under Russian Accounting Standards (RAS).

A decision on the payment of an interim dividend is made by the General Shareholders Meeting within three months after the end of the relevant period.

Holders of PhosAgro GDRs are also entitled to receive dividends in respect of shares underlying the GDRs, subject to the terms of their Deposit Agreements.

PhosAgro’s dividend policy stipulates that the Board of Directors will always try to recommend dividend payments of between 30% and 50% of the Company’s consolidated profit for the year attributable to PhosAgro shareholders calculated in accordance with IFRS.

Dividend declared

Type and date of the General Shareholders Meeting, where the resolution on dividends declaration was made Reporting period for which (following the results of which) the declared dividends are (were) paid Declared dividends, total, RUB Declared dividends per one
ordinary share, RUB depository receipt, RUB
EGSM 22.01.2019 -* 9 324 000 00072,00 24,00
EGSM 01.10.2018 -* 5 827 500 00045,00 15,00
EGSM 06.07.2018 -* 3 108 000 00024,00 8,00
AGSM 30.05.2018 -* 1 942 500 00015,00 5,00
EGSM 26.02.2018 -* 2 719 500 00021,00 7,00
EGSM 02.10.2017 -* 3 108 000 00024,00 8,00
EGSM 05.07.2017 -* 2 719 500 00021,00 7,00
AGSM 30.05.2017 2016 3 885 000 00030,00 10,00
EGSM 16.01.2017 -* 5 050 500 00039,00 13,00
EGSM 03.10.2016 -* 4 273 500 00033,00 11,00
EGSM 29.07.2016 -* 8 158 500 00063,00 21,00
AGSM 31.05.20162015 7 381 500 00057,00 19,00
EGSM 15.01.2016 -* 8 158 500 00063,00 21,00
EGSM 06.10.2015 -* 7 381 500 00057,00 19,00
EGSM 14.07.2015 -*6 216 000 00048,00 16,00
AGSM 08.06.2015 20141 942 500 00015,00 5,00
EGSM 31.12.20149M 20142 590 000 00020,00 6,67
EGSM 16.09.2014 6M 20143 237 500 00025,00 8,33
AGSM 13.06.2014-*2 499 350 00019,306,43
*Payments were made from undistributed profit for the previous years

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