trending Market Intelligence /marketintelligence/en/news-insights/trending/4jfC8-VF3qp45ylJTef03w2 content esgSubNav
In This List

Alrosa's supervisory board proposes H1'19 dividend of 28.3B rubles

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

Blog

Essential Metals Mining Insights November 2021

Blog

[Infographic]: 2021 World Exploration Trends


Alrosa's supervisory board proposes H1'19 dividend of 28.3B rubles

Russian diamond producer PJSC Alrosa's supervisory board recommended a first half dividend of 28.3 billion Russian rubles, or 3.84 rubles per share in absolute terms, representing all of its free cash flow for the period, in line with a new dividend policy.

The company said Aug. 27 that the dividend record date is Oct. 14, and the payout proposal will be up for approval at its general meeting of shareholders. Alrosa paid a dividend of 43.7 billion rubles, or 5.93 rubles per share, for the first half of 2018.

Alrosa's net profit slumped 36% year over year to 37.5 billion rubles in the first half as revenue dropped 24% to 127.9 billion rubles on the back of a 16% decline in sales volumes to 18.9 million carats.

As of Aug. 26, US$1 was equivalent to 66.00 Russian rubles.