Our dividend policy aims to increase the Group’s investment appeals and shareholder value. Decisions on capital deployment balance the Group’s strategic objectives, investment plans and opportunities to return capital for shareholders, while complying with Russian legislation and the Group’s charter documents.
The General Shareholders’ Meeting approves decisions on dividend payouts as well as the per share amount, timing and form of payment, based on the recommendation of the Board of Directors. SIBUR targets a dividend payout ratio of 25% of the net profit for the period attributable to the shareholders of SIBUR based on the IFRS consolidated financial statements and adjusted for exceptional non-cash items. In 2012, the Group adopted a semi-annual dividend payment schedule.
Dividend Policy 191KB
Accrued and paid Dividends
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(1) Until 2014 a target payout ratio was equal to 25% of the net profit for the period attributable to the shareholders of SIBUR based on the IFRS consolidated financial statements statements.