Dividends
PhosAgro is committed to striking an effective and reasonable balance between the payment of dividends and reinvestment of profit in further development. Higher transparency and predictability of dividend payments are a priority for the company seeking to strengthen its investment case.
Dividend Policy
The decision on dividend distributions, their terms and amounts is made at the General Shareholders’ Meeting on the basis of recommendations by the Board of Directors. The Board of Directors’ recommendations depend on such factors as the Company’s earnings for the reporting period and its financial position. Holders of PhosAgro GDRs are also entitled to receive dividends in respect of the underlying shares, subject to the terms of their Depositary Agreements.
Dividend payments
To calculate the amount of dividend payments, the Board of Directors considers the Company’s consolidated free cash flow for the reporting period (quarter, six months, first nine months or year) under IFRS.
Dividend history
| Quarter | Total declared dividends, RUB m | Dividend per GDR, RUB | Dividend per share, RUB | Declaration date | Date of record |
|---|---|---|---|---|---|
| 4Q23-1Q24 | 40 015,5 | 103 | 309 | 30.06.2024 | 11.07.2024 |
| 2-3Q23 | 37 684,5 | 97 | 291 | 14.12.2023 | 25.12.2023 |
| 1Q23 | 34 188 | 88 | 264 | 30.06.2023 | 11.07.2023 |
| 4Q22 | 60 217,5 | 155.0 | 465.0 | 24.03.2023 | 04.04.2023 |
| 3Q22 | 41 181 | 106.0 | 318.0 | 08.12.2022 | 19.12.2022 |
| 4Q21 - 1H22 | 101 010 | 260.0 | 780.0 | 21.09.2022 | 03.10.2022 |
| 3Q21 | 30 303 | 78.0 | 234.0 | 08.12.2021 | 20.12.2021 |
| 2Q21 | 20 202 | 52.0 | 156.0 | 13.09.2021 | 24.09.2021 |
| 1Q21 | 13 598 | 35.0 | 105.0 | 22.06.2021 | 05.07.2021 |
| 4Q20 | 8 159 | 21.0 | 63.0 | 25.05.2021 | 07.06.2021 |
| 3Q20 | 15 929 | 41.0 | 123.0 | 13.11.2020 | 25.12.2020 |
| 2Q20 | 4 274 | 11.0 | 33.0 | 30.09.2020 | 15.10.2020 |
| 1Q20 | 10 101 | 26.0 | 78.0 | 19.06.2020 | 06.07.2020 |
| 4Q19 | 2 331 | 6.0 | 18.0 | 27.05.2020 | 02.06.2020 |
| 3Q19 | 6 216 | 16.0 | 48.0 | 24.01.2020 | 04.02.2020 |
| 2Q19 | 6 993 | 18.0 | 54.0 | 04.10.2019 | 15.10.2019 |
| 1Q19 | 9 324 | 24.0 | 72.0 | 24.06.2019 | 10.07.2019 |
| 4Q18 | 6 605 | 17.0 | 51.0 | 24.05.2019 | 10.06.2019 |
| 3Q18 | 9 324 | 24.0 | 72.0 | 22.01.2019 | 04.02.2019 |
| 2Q18 | 5 828 | 15.0 | 45.0 | 01.10.2018 | 12.10.2018 |
| 1Q18 | 3 108 | 8.0 | 24.0 | 06.07.2018 | 23.07.2018 |
| 4Q17 | 1 943 | 5.0 | 15.0 | 30.05.2018 | 13.06.2018 |
| 3Q17 | 2 720 | 7.0 | 21.0 | 26.02.2018 | 12.03.2018 |
| 2Q17 | 3 108 | 8.0 | 24.0 | 02.10.2017 | 13.10.2017 |
| 1Q17 | 2 720 | 7.0 | 21.0 | 05.07.2017 | 17.07.2017 |
| 4Q16 | 3 885 | 10.0 | 30.0 | 30.05.2017 | 13.06.2017 |
| 3Q16 | 5 051 | 13.0 | 39.0 | 16.01.2017 | 27.01.2017 |
| 2Q16 | 4 274 | 11.0 | 33.0 | 03.10.2016 | 14.10.2016 |
| 1Q16 | 8 159 | 21.0 | 63.0 | 29.07.2016 | 10.08.2016 |
| 4Q15 | 7 382 | 19.0 | 57.0 | 31.05.2016 | 11.06.2016 |
| 3Q15 | 8 159 | 21.0 | 63.0 | 15.01.2016 | 26.01.2016 |
| 2Q15 | 7 381 | 19.0 | 57.0 | 06.10.2015 | 17.10.2015 |
| 1Q15 | 6 216 | 16.0 | 48.0 | 14.07.2015 | 25.07.2015 |
| 4Q14 | 1 940 | 5.0 | 15.0 | 08.06.2015 | 19.06.2015 |
| 3Q14 | 2 590 | 6.7 | 20.0 | 31.12.2014 | 11.01.2015 |
| 2Q14 | 3 238 | 8.3 | 25.0 | 16.09.2014 | 29.09.2014 |
| 1Q14 | 0.0 | 0.0 | |||
| 4Q13 | 2 499 | 6.4 | 19.3 | 13.06.2014 | 24.06.2014 |
| 3Q13 | 0.0 | 0.0 | |||
| 2Q13 | 2 001 | 5.2 | 15.5 | 12.10.2013 | 06.09.2013 |
| 1Q13 | 0.0 | 0.0 | |||
| 4Q12 | 2 477 | 6.4 | 19.1 | 10.06.2013 | 22.04.2013 |
| 3Q12 | 3 112 | 8.0 | 24.0 | 29.12.2012 | 23.11.2012 |
| 2Q12 | 4 730 | 12.2 | 36.5 | 28.09.2012 | 22.08.2012 |
| 1Q12 | 0.0 | 0.0 | |||
| 4Q11 | 4 045 | 10.4 | 31.2 | 30.05.2012 | 18.04.2012 |
| 3Q11 | 3 112 | 8.0 | 24.0 | 01.12.2011 | 26.10.2011 |
| 2Q11 | 0.0 | 0.0 | |||
| 1Q11 | 0.0 | 0.0 |
Dividend information for tax agents
| Type and date of the general shareholder`s meeting at which the decision to declare dividends was made | Reporting period for which (at the end of which) the declared dividends are paid (were paid) | Total amount of declared dividends, rub. | Declared dividends per | |
|---|---|---|---|---|
| ordinary share, rub | depositary receipt, rub | |||
| AGSM 30.06.2024 | 1Q 2024 | 1 942 500 000 | 15,00 | 5,00 |
| 2023 | 38 073 000 000 | 294,00 | 98,00 | |
| EGSM 14.12.2023 | 9M 2023 | 37 684 500 000 | 291,00 | 97,00 |
| EGSM 30.09.2023 | the decision on the payment of dividends has not been made | |||
| EGSM 30.06.2023 | 1Q 2023 | 34 188 000 000 | 216,00 | 72,00 |
| -* | 48,00 | 16,00 | ||
| AGSM 24.03.2023 | 2022 | 60 217 500 000 | 465,00 | 155,00 |
| EGSM 08.12.2022 | 9M 2022 | 41 181 000 000 | 318,00 | 106,00 |
| EGSM 21.09.2022 | -* | 101 010 000 000 | 780,00 | 260,00 |
| AGSM 30.06.2022 | the decision on the payment of dividends has not been made | |||
| EGSM 08.12.2021 | -* | 30 303 000 000 | 234,00 | 78,00 |
| EGSM 08.12.2021 | -* | 30 303 000 000 | 234,00 | 78,00 |
| EGSM 13.09.2021 | -* | 20 202 000 000 | 156,00 | 52,00 |
| EGSM 22.06.2021 | -* | 13 597 500 000 | 105,00 | 35,00 |
| AGSM 25.05.2021 | -* | 8 158 500 000 | 63,00 | 21,00 |
| AGSM 25.05.2021 | -* | 8 158 500 000 | 63,00 | 21,00 |
| EGSM 14.12.2020 | -* | 15 928 500 000 | 123,00 | 41,00 |
| EGSM 30.09.2020 | -* | 4 273 500 000 | 33,00 | 11,00 |
| EGSM 19.06.2020 | -* | 10 101 000 000 | 78,00 | 26,00 |
| AGSM 22.05.2020 | -* | 2 331 000 000 | 18,00 | 6,00 |
| EGSM 24.01.2020 | -* | 6 216 000 000 | 48,00 | 16,00 |
| EGSM 04.10.2019 | -* | 6 993 000 000 | 54,00 | 18,00 |
| EGSM 24.06.2019 | -* | 9 324 000 000 | 72,00 | 24,00 |
| AGSM 24.05.2019 | -* | 6 604 500 000 | 51,00 | 17,00 |
| EGSM 22.01.2019 | -* | 9 324 000 000 | 72,00 | 24,00 |
| EGSM 01.10.2018 | -* | 5 827 500 000 | 45,00 | 15,00 |
| EGSM 06.07.2018 | -* | 3 108 000 000 | 24,00 | 8,00 |
| AGSM 30.05.2018 | -* | 1 942 500 000 | 15,00 | 5,00 |
| EGSM 26.02.2018 | -* | 2 719 500 000 | 21,00 | 7,00 |
| EGSM 02.10.2017 | -* | 3 108 000 000 | 24,00 | 8,00 |
| EGSM 05.07.2017 | -* | 2 719 500 000 | 21,00 | 7,00 |
| AGSM 30.05.2017 | 2016 | 3 885 000 000 | 30,00 | 10,00 |
| EGSM 16.01.2017 | -* | 5 050 500 000 | 39,00 | 13,00 |
| EGSM 03.10.2016 | -* | 4 273 500 000 | 33,00 | 11,00 |
| EGSM 29.07.2016 | -* | 8 158 500 000 | 63,00 | 21,00 |
| AGSM 31.05.2016 | 2015 | 7 381 500 000 | 57,00 | 19,00 |
| EGSM 15.01.2016 | -* | 8 158 500 000 | 63,00 | 21,00 |
| EGSM 06.10.2015 | -* | 7 381 500 000 | 57,00 | 19,00 |
| EGSM 14.07.2015 | -* | 6 216 000 000 | 48,00 | 16,00 |
| AGSM 08.06.2015 | 2014 | 1 942 500 000 | 15,00 | 5,00 |
| EGSM 31.12.2014 | 9M 2014 | 2 590 000 000 | 20,00 | 6,67 |
| EGSM 16.09.2014 | 6M 2014 | 3 237 500 000 | 25,00 | 8,33 |
| AGSM 13.06.2014 | -* | 2 499 350 000 | 19,30 | 6,43 |
*Dividends were paid from earnings retained over the previous years