ALROSA may pay dividends based on the results of 2023 in the amount of 2.02 rubles. per share
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Supervisory Board of the Russian diamond mining company ALROSA (MOEX: ALRS) recommended paying dividends based on the results of 2023 in the amount of 2.02 rubles. per share. The date on which persons entitled to dividends will be determined is proposed to be May 31.
“Pay (declare) dividends based on the results of 2023 in the amount of 2 rubles. 02 kop. per one ordinary registered share of AK Alrosa (PJSC) with a par value of 50 kopecks,” the message says, published on the Corporate Disclosure Center website.
The total amount of payments will be 14.88 billion rubles, which exceeds the amount of free cash flow. Last year, ALROSA’s net profit decreased by almost 15% and amounted to more than 85 billion rubles. versus 100 billion in 2022. Based on the results of the first half of 2023, ALROSA paid dividends in the amount of RUB 3.77. per share.
The annual meeting of ALROSA shareholders will be held on May 20 in absentia.
The United States imposed sanctions against ALROSA in April 2022, and since the beginning of this year, the company has also been included in the sanctions list of G7 countries, which apply, among other things, to diamonds produced in third countries from Russian raw materials.
As Kommersant previously found out, against the backdrop of sanctions and low world diamond prices, Gokhran began purchasing stones from ALROSA, resorting to this anti-crisis measure for the first time since 2012.
Read more in the text “Kommersant” – “Diamonds were called into reserve”.
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