PhosAgro board of directors recommends interim dividends of 318 rubles/share

MOSCOW. Nov 7 (Interfax) - The board of directors of PhosAgro has recommended paying out interim dividends of 318 rubles per share, the Russian vertically integrated phosphate-based fertilizer producer said in a statement.

The board recommended the dividend payout following a discussion of the company's financial statement for 9M 2022.

The total amount of payments could reach 41.2 billion rubles, which would slightly exceed the company's FCF of 40.7 billion rubles for the third quarter.

The matter will be submitted to an extraordinary general shareholders' meeting to be held on December 8 in absentia, and the recommended dividend record date is December 19.

PhosAgro's shareholders in September approved dividends of 780 rubles per share, totaling 101 billion rubles. The payment included final dividends for 2021 and interim dividends for the first half of 2022.