At its Annual General Meeting (AGM) held yesterday, ALROSA’s shareholders approved of a total dividend payment of RUB 38.59 billion (5.24 rubles per one ordinary share at a nominal price of 50 kopecks) upon net income of RUB 77.075 billion reported for 2017. The dividend amounts to 50.07% of this sum. 

The dividend being paid for 2017 is second only to the record breaking dividend of RUB 65.769 billion (RUB 8.93 per ordinary share of 50 kopecks par value) paid out for 2016. The net profit in that year had amounted to RUB 131.391 billion. 

Shareholders as enlisted as on July 14, 2018 will be entitled to receive payment of dividends.

At the AGM, shareholders of ALROSA also  elected a new Supervisory Board  for the Company.

“Chairman of the Supervisory Board, as well as the composition of special-purpose committees will be determined at the next meeting of the Board,” the Company announced.