trending Market Intelligence /marketintelligence/en/news-insights/trending/d2m7uobal7ahff8hq_pb7a2 content esgSubNav
In This List

Novolipetsk recommends lower Q4'17 dividend

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


Novolipetsk recommends lower Q4'17 dividend

PJSC Novolipetsk Steel's board recommended a dividend of 3.36 Russian rubles per share for the fourth quarter of 2017, lower than its third-quarter dividend of 5.13 rubles per share, according to a March 7 release.

Novolipetsk shareholders will vote for the approval of the proposed dividend at the company's annual shareholder meeting June 8.

The Russian steelmaker posted a 39% year-over-year jump in net income for the fourth quarter of 2017 to US$428 million, with its full-year 2017 net income up 55% year-over-year to US$1.45 billion.

As of March 7, US$1 was equivalent to 56.80 Russian rubles.