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Taxation of dividends

 

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Dividend
History

Dividend period Dividend per share,
RUB		 Total dividends paid,
RUB th.		 Dividend yield % of net profit Press Releases
IFRS RAS
2016 FY 6.00 595 550 10.0% 92.0% 57.7% -
2015 Only Q1 2.50 248 146 2.9% 96.2% 41.3% -
2014 FY No dividend payments - - - - -
2013 FY 5.00 496,292 7.2% 77.5% 96.2% -
2012 FY 5.00 496,292 6.5% 27.4% 27.7% -
2011 FY 6.00 595,550 3.4% 29.5% 28.9% -
2010 FY 3.00 297,775 1.4% 36.2% 55.9% -
The Company's dividend policy was approved by the Board of Directors on November 3, 2009.
2009 FY 3.00 253,198 - 38.2% 46.7% -
2008 Only Q1 47.50 80,179 - 8.1% 7.2% -
2007 Only Q1 5.00 8,440 - - 21.6% -
2006 FY 38.50 64,987 - - 99.6% -
               

* Dividend yield is calculated as dividend per share / market price of share (Close) as of the date of dividends approval IFRS financial results for 2006 are presented as unaudited

The Company’s dividend policy is based on Russian legislation and the Regulation on the Dividend Policy of PJSC Kuzbasskaya Toplivnaya Company, approved by the Board of Directors on March 16, 2015.

The Company’s dividend policy is based on the following principles:

  • Given a profit, the Company annually allocates a limited portion of it for payment of dividends, using the remainder at its disposal for reinvestment intended to increase the Company’s capitalization.
  • Optimal balance between the interest of the Company and its shareholders.
  • Respect for and strict observance of the rights of shareholders, defined by current Russian legislation.
  • Transparency in the process of how the amount of dividends is determined and their payment.

When determining the amount of dividends it will recommend to the General Shareholders Meeting, the Board of Directors considers the net profit stated in the Company’s financial statements, prepared according to Russian legislation.

The amount of dividend payments is determined on the basis of KTK’s financial results to IFRS and totals at least 25% of net profit.

The Company informs shareholders about its dividend policy, the amount, form, schedule and procedure for payment of dividends by posting information on its website, at www.oaoktk.ru.