Source - SMW
NLMK shareholders have approved payment of second quarter dividends of RUB 6,473m, or RUB 1.08 per share (-4% qoq and +16% yoy), which is equivalent to 55% of NLMK Group's net profit or 64% of the company's free cash flow based on its 2Q'16 IFRS consolidated results.

The date upon which the shareholders entitled to 2Q'16 dividends will be determined was set as 12 October.

1H'16 dividends will amount to RUB13,245 m (-14% yoy), which is equivalent to 84% of NLMK Group's net profit or 47% of the Company's free cash flow based on its 1H'16 IFRS consolidated results.

Dividend yield on 2Q'16 dividends will total 7.5%.