Dividend Policy
On 25 August 2020, with a view to increasing transparency in dividend decision making process, adding predictability into capital allocation approach while aiming to maintain an above sector-average dividend yield, the Board has approved an amendment to the Company’s dividend policy, which replaces special dividend with a modified policy for final dividend payment. As a result, the revised dividend policy is as follows:
- Minimum final dividend of 50% of Underlying Net Income for 2H (subject to absolute Net debt/Adjusted last twelve months EBITDA ceiling of 2.5x).
- In addition, the Board will now have discretion to increase the final dividend amount to a maximum annual payout of 100% of Free Cash Flow (provided that it is greater than 50% of Underlying Net Income). In making this decision, the Board will consider, among other factors, the macroeconomic outlook, debt position and future investment requirements of the Group.
- Interim dividend will remain at 50% of Underlying Net Income for 1H (subject to absolute Net debt/Adjusted last twelve months EBITDA ceiling of 2.5x).
- It may take some time from the date of payment to receive a dividend by shareholder. Please contact your broker for more information.
With this amendment, starting from 2021, Polymetal will pay dividends twice a year on a semi-annual basis.
Dividend History
Dividend Type |
Record Date |
Date Paid |
Amount, US$M |
Amount, per share, US$ |
Exchange Rate |
Press Release |
Interim dividend for 2021 |
10 September 2021 |
30 September 2021 |
213 |
0.45 |
£1.00=US$1.380909 €1.00=US$1.178834 |
|
Final dividend for 2020 |
07 May 2021 |
28 May 2021 |
419 |
0.89 |
£1.00=US$1.404811 €1.00=US$1.207877 |
|
Interim dividend for 2020 |
04 September 2020 |
25 September 2020 |
189 |
0.40 |
£1.00=US$1.293670 €1.00=US$1.177572 |
|
Final dividend for 2019 |
11 May 2020 |
29 May 2020 |
197 |
0.42 |
£1.00=US$1.22103 €1.00=US$1.08006 |
|
Special dividend for 2019 |
14 Feb 2020 |
05 Mar 2020 |
94 |
0.20 |
£1.00=US$1.29948 €1.00=US$1.08180 |
|
Interim dividend for 2019 |
06 Sep 2019 |
27 Sep 2019 |
94 |
0.20 |
£1.00=US$1.2369 €1.00=US$1.1045 |
|
Final dividend for 2018 |
10 May 2019 |
24 May 2019 |
146 |
0.31 |
£1.00=US$1.2930 €1.00=US$1.1222 |
|
Interim dividend for 2018 |
07 Sep 2018 |
28 Sep 2018 |
77 |
0.17 |
£1.00=US$1.3009
€1.00=US$1.1598 |
|
Final dividend for 2017 |
11 May 2018 |
23 May 2018 |
136 |
0.30 |
£1.00=US$1.3478 |
|
Interim dividend for 2017 |
8 Sep 2017 |
29 Sep 2017 |
60 |
0.14 |
£1.00=US$1.3203 |
|
Final dividend for 2016 |
5 May 2017 |
26 May 2017 |
77 |
0.18 |
£1.00=US$1.2882 |
|
Special dividend for 2016 |
16 Dec 2016 |
29 Dec 2016 |
64 |
0.15 |
£1.00=US$1.2392 |
|
Interim dividend for 1H 2016 |
2 Sep 2016 |
23 Sep 2016 |
38 |
0.09 |
£1.00=US$1.3362 |
|
Final dividend for 2015 |
6 May 2016 |
27 May 2016 |
55 |
0.13 |
£1.00=US$1.4487 |
|
Special dividend for 2015 |
11 Dec 2015 |
24 Dec 2015 |
127 |
0.30 |
£1.00=US$1.5180 |
|
Interim dividend for 1H 2015 |
4 Sep 2015 |
25 Sep 2015 |
34 |
0.08 |
£1.00=US$1.5380 |
|
Final dividend for 2014 |
1 May 2015 |
29 May 2015 |
55 |
0.13 |
£1.00=US$1.5203 |
|
Special dividend for 2014 |
19 Dec 2014 |
23 Jan 2015 |
84 |
0.20 |
£1.00=US$1.5537 |
|
Interim dividend for 1H 2014 |
5 Sep 2014 |
26 Sep 2014 |
31 |
0.08 |
£1.00=US$1.6267 |
|
Final dividend for 2013 |
2 May 2014 |
30 May 2014 |
31 |
0.08 |
£1.00=US$1.6975 |
|
Interim dividend for 1H 2013 |
6 Sep 2013 |
26 Sep 2013 |
4 |
0.01 |
£1.00=US$1.5712 |
|
Final dividend for 2012 |
17 May 2013 |
19 Jun 2013 |
119 |
0.31 |
£1.00=US$1.5136 |
|
Special dividend for 2012 |
14 Dec 2012 |
21 Jan 2013 |
191 |
0.50 |
£1.00=US$1.6050 |
|
Final dividend for 2011 |
18 May 2012 |
18 Jun 2012 |
77 |
0.20 |
£1.00=US$1.5576 |
|
TOTAL |
2,616 |
5.92 |
|