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Russian metals producer Nornickel said on Friday that the financial stability of the company was more important then dividends but shareholders had the final say on the matter.
Nornickel failed to pay dividends on its 2022 results for the first time in 14 years, citing “negative geopolitics”. But the company resumed payouts for the first nine months of 2023 and paid to shareholders $1.5 billion in January. “Our point of view as management: maintaining financial sustainability in the current conditions is an undoubted priority. But the decision is up to the shareholders”, Zhukov said about the possibility of dividend payments.
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