PhosAgro might pay 25 rubles/share in dividends for 9M
MOSCOW. Nov 20 (Interfax) - OJSC PhosAgro's board of directors has recommended that the company's shareholders approve the payment of interim dividends for the nine months of 2012 at 25 rubles per share, totaling 3.112 billion rubles, the company said in a press release.
The list of shareholders with the right to participate in the extraordinary in-absentia meeting on December 29 and receive dividends will be compiled on November 23.
For the first half of 2012, PhosAgro paid out 38 rubles per share in dividends, totaling 4.73 billion rubles. For the first nine months of last year, the company paid 250 rubles per share in addition to dividends for the first quarter, which totaled 310.35 rubles per ordinary share, 308.25 rubles per preferred A1 share and 50.2 rubles per preferred A2 share.
PhosAgro shelled out over 11 billion rubles in dividends for 2011. "Since the Company`s IPO, PhosAgro has committed more than 11.8 billion rubles (96 rubles per share or $1.02 per GDR) to dividend payments, or more than half of its net profit over that period," the press release said.
PhosAgro's charter capital is comprised of 124.477 million shares of par value 2.5 rubles each.
The company's confirmed dividend policy envisages earmarking between 20% and 40% of net profit for dividends. In January-September 2012, PhosAgro posted 15.9 billion rubles in net profit to International Financial Reporting Standards (IFRS), net minority interest.
