Polymetal has completed the divestment of its Russian business on 7 March 2024. Please see the relevant announcement at the link. Operating and financial results as well as other information on this website until 7 March 2024 represent the Group in its former organizational structure, i.e. including Russian business, unless otherwise stated.

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.

Given the continuing impact of external uncertainties, the Board has not been proposing dividends since 2022 (FY2021 dividends and other going forward) to allow the Group to strengthen its cash position and enhance its resilience in a highly volatile environment. Payment of dividends in the future will also depend on the ability to unblock shares which are currently held through the National Settlement Depositary (NSD).

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

You are downloading Integrated Annual Report . Please note that some ESG data are available in Sustainability Performance Data 2021 (GRI and SASB) that outlines our key non‑financial performance information for financial year 2021. While the selected annual report is being downloaded, we want to draw your attention to the Sustainability Report. It provides detailed information on ESG indicators.

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2019