SIBUR increased dividend payout from 35% to 50%

SIBUR increased dividend payout from 35% to 50%
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

24.03.2021

MOSCOW (MRC) -- SIBUR's Board of Directors has approved a new Regulation on Dividend Policy increasing the minimum dividend payout ratio from 35% to 50% of adjusted net profit under IFRS, said the company.The new policy applies to reporting periods starting from 1 July 2020. The policy matches the industry average global benchmarks of major petrochemical businesses, with the new ratio ref

Full article at mrcplast.com

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