Polimetal(POLY)
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Disclaimer/
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
Information
Polymetal International plc shares are traded on the Moscow, Kazakhstan, and London Stock Exchanges, are included in the MICEX index, FTSE 250, and FTSE Gold Mines index.
The portfolio of projects of JSC "Polymetal" includes 36 licenses with a total area of more than 7800 sq. km.
DIVIDEND POLICY
Effective August 26, 2020, to increase the transparency of the decision-making process on the amount of dividends and to ensure the predictability of capital allocation while maintaining the dividend yield at a level above the industry average, the Board of Directors approved the replacement of the special dividend with a new approach to the payment of the final dividend. Thus, the Company's amended dividend policy will assume the following:
- The minimum amount of the final dividend will be 50% of the adjusted net profit for the second half of the year (provided that the ratio of net debt to adjusted EBITDA is below the established threshold of 2.5 x).
- In addition, the Board of Directors reserves the right to increase the final dividend to a maximum payout of 100% of free cash flow (provided that it is greater than 50% of adjusted net income). In making this decision, the Board of Directors will take into account, among other factors, the Company's macroeconomic forecasts, debt burden, and future capital investments.
- The interim dividend formula will remain unchanged – 50% of adjusted net profit for the first half of the year (subject to the ratio of net debt to adjusted EBITDA below the established threshold of 2.5 x).
- The transfer of dividends to the shareholders ' accounts after payment takes some time. Please contact your broker for more details.
Taking into account these changes, starting from 2021, Polymetal will pay dividends twice a year
On average, 90% of all stocks move down with the market, and 75% move up.
The wave principle applies to some extent to individual stocks, but counting the waves for them is often confusing and does not have much practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses.
Information
Polymetal International plc shares are traded on the Moscow, Kazakhstan, and London Stock Exchanges, are included in the MICEX index, FTSE 250, and FTSE Gold Mines index.
The portfolio of projects of JSC "Polymetal" includes 36 licenses with a total area of more than 7800 sq. km.
DIVIDEND POLICY
Effective August 26, 2020, to increase the transparency of the decision-making process on the amount of dividends and to ensure the predictability of capital allocation while maintaining the dividend yield at a level above the industry average, the Board of Directors approved the replacement of the special dividend with a new approach to the payment of the final dividend. Thus, the Company's amended dividend policy will assume the following:
- The minimum amount of the final dividend will be 50% of the adjusted net profit for the second half of the year (provided that the ratio of net debt to adjusted EBITDA is below the established threshold of 2.5 x).
- In addition, the Board of Directors reserves the right to increase the final dividend to a maximum payout of 100% of free cash flow (provided that it is greater than 50% of adjusted net income). In making this decision, the Board of Directors will take into account, among other factors, the Company's macroeconomic forecasts, debt burden, and future capital investments.
- The interim dividend formula will remain unchanged – 50% of adjusted net profit for the first half of the year (subject to the ratio of net debt to adjusted EBITDA below the established threshold of 2.5 x).
- The transfer of dividends to the shareholders ' accounts after payment takes some time. Please contact your broker for more details.
Taking into account these changes, starting from 2021, Polymetal will pay dividends twice a year
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