Dividends

For 2017, Moscow Exchange’s Annual General Meeting of Shareholders (AGM) resolved to distribute dividends in the amount of RUB 5.47 per share. Taking into account the interim dividends in the amount of RUB 2.49 per share paid based on the results of H1 2017, the total dividend for 2017 was RUB 7.96 per share. In total, RUB 18.12 bln was allocated for the payment of dividends, equivalent to 89% of the 2017 IFRS consolidated net income of the Exchange. The Exchange’s Dividend Policy, which was approved by the MOEX Supervisory Board in December 2015, requires that dividends equal at least 55% of IFRS consolidated net income.

On 22 March 2019, the Exchange’s Supervisory Board recommended that shareholders at the AGM approve the payment of dividends based on the Exchange’s 2018 results in the amount of RUB 7.70 per share. In total, it was recommended to allocate RUB 17.53 bn for the payment of dividends. If the AGM approves dividends at this level, the dividend payment for 2018 will be equivalent to 89% of the consolidated net income for the financial year. Interim dividends in 2018 were not distributed as per decision of the Exchange’s Supervisory Board.

Dividends per share in 2013–2018
and recommended dividends for 2018, RUB
Dividend payments in 2014–2018:
Dividend payment year Dividend period Announcement date and grounds of the decision Total pre-tax amount of dividends declared and paid Actual payment date
2014 for 2013 26 June 2014
Minutes of AGM No. 52
RUB 5,423,154,900 24 July 2014 for nominee holders;
7 August 2014 for other registered holders
2015 for 2014 28 April 2015
Minutes of AGM No. 53
RUB 8,818,323,227.91 25 May 2015 for nominee holders;
16 June 2015 for other registered holders
2016 for 2015 29 April 2016
Minutes of AGM No. 54
RUB 16,201,105,465.23 27 May 2016 for nominee holders;
20 June 2016 for other registered holders
2017 for 2016 28 April 2017
Minutes of AGM No. 56
RUB 17,482,763,197.44 29 May 2017 for nominee holders;
20 June 2017 for other registered holders
2017 for H1 2017 14 September 2017
Minutes of EGMS No. 57
RUB 5,668,239,600 12 October 2017 for nominee holders;
2 November 2017 for other registered holders
2018 for 2017 26 April 2018
Minutes of AGM No. 58
RUB 12,451,915,975.26 29 May 2018 for nominee holders;
20 June 2018 for other registered holders