Dividends
For 2015, Moscow Exchange’s Annual General Meeting of Shareholders resolved to distribute RUB 16.2 bn of dividends (RUB 7.11 per ordinary share), which is equivalent to 58.2% of the 2015 IFRS consolidated net income.
In December 2015, the MOEX Supervisory Board approved a Dividend Policy requiring that the dividend distributions equal at least 55% of the Group’s IFRS net income.
On 27 March 2017, the Supervisory Board recommended that the Annual General Meeting of Shareholders approve the dividend payouts of RUB 7.68 per share for 2016. It is therefore recommended that RUB 17.5 bn, or 69.3% of the Group’s 2016 IFRS net income, be distributed in the form of dividends.
In 2013-2016, the dividends were paid out in accordance with the relevant dividend policies adopted by the Exchange in 2013 and 2015.
Annual dividend per ordinary share and recommended dividend amount for 2016, RUB
| Paid in: | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|
| Paid for: | 2011 | 2012 | 2013 | 2014 | 2015 |
| Announced on | 20 June 2012 Minutes No. 44 of the AGM | 25 June 2013 Minutes No. 49 of the AGM | 26 June 2014 Minutes No. 52 of the AGM | 28 April 2015 Minutes No. 53 of the AGM | 29 April 2016 Minutes No. 54 of the AGM |
| Total pre-tax amount of dividends declared | RUB 681,197,400 | RUB 2,901,756,800 | RUB 5,423,154,900 | RUB 8,818,323,228 | RUB 16,201,105,465 |
| Payment period established by the AGM | Within 60 days of the dividend resolution date | Within 60 days of the dividend resolution date | By 25 July 2014 for nominee holders; by 15 August 2014 for other registered holders | By 25 May 2015 for nominee holders; by 16 June 2015 for other registered holders | By 30 May 2016 for nominee holders; by 20 June 2016 for other registered holders |
| Actual payment date | Registrar: 15 August 2012 Register: 20 August 2012 | Registrar: 22 August 2013 Register: 26 August 2013 | 24 July 2014 for nominee holders; 7 August 2014 for other registered holders | 25 May 2015 for nominee holders Register: 16 June 2015 | By 27 May 2016 for nominee holders Register: by 20 June 2016 |