Russian mining giant Nornickel distributes $3.5 billion as 2020 dividend
(Kitco News) - Russia’s Nornickel, the world’s largest producer of palladium and high-grade nickel, announced today that its shareholders approved the final dividend for the financial year 2020 in the amount of RUB 1,021.22 per ordinary share (approximately 13.86 at the RUB/USD exchange rate set by the Russian Central Bank as of 19.05.2021). The dividend record date has been set on 1 June 2021.
The final dividend will amount to a total of RUB 161.6 bn (approximately USD 2.2 bn). The total dividend distribution for the FY 2020 will amount to USD 3.5 bn, including the interim dividends for nine months of 2020 which have been already paid to shareholders (for a total amount of approximately USD 1.3 bn).
Norilsk Nickel is a diversified mining and metallurgical company, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium, sulphur and other products.
The production units of Norilsk Nickel are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland and South Africa.
Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are traded over the counter in the US and on the London, Berlin and Frankfurt Stock Exchanges.