The dividend policy is central to corporate governance, forming the key indicator that the company is respecting shareholder rights.
In July 2014, a new Dividend Policy for PJSC Aeroflot was adopted in order to safeguard transparency in the calculation of dividends. It sets out the Board of Directors’ approach for formulating its recommendations to the AGM on the distribution of profit, including via dividends.
Under this policy, PJSC Aeroflot’s consolidated net profit in accordance with IFRS will be used to calculate dividends payable.
Decisions regarding dividend size are taken in line with a specially developed system that weighs a range of performance indicators for the reporting year, the debt burden and the Group’s medium-term financial plan. The policy currently provides for a target payment of 25% of the Group’s IFRS revenue.
The Dividend Policy can be found on following the link.
The AGM on 26 June 2017 approved the decision to pay out 50% of 2016 consolidated net income of Aeroflot Group (IFRS). Dividends for 2016 financial year amount to 19,413,018.00 thousand RUB which is equal to 17.4795 RUB per ordinary share of PJSC Aeroflot. The record date to receive the dividends is set for July 14, 2017, dividends will be paid out before August 18, 2017.
|Dividend per share, RUB||1.09||1.81||1.16||2.50||-||-||17.48|
|Total dividend, thousand RUB||1,205,130||2,000,018||1,292,313||2,774,195||-||-||19,413,018|
|% of net profit||10.0%||19.2%||26.0%||25.0%||-||-||50.0%|
|Accounts used to determine net profit||RAS||RAS||RAS||RAS||IFRS||IFRS||IFRS|
|Form paid, other conditions||Cash||Cash||Cash||Cash||-||-||Cash|