Dividends
For 2016, Moscow Exchange’s Annual General Meeting of Shareholders resolved to distribute RUB 17.48 bn in dividends (RUB 7.68 per ordinary share), equivalent to 69.4% of the 2016 IFRS consolidated net income. The Dividend Policy approved by the MOEX Supervisory Board in December 2015 requires that dividends equal at least 55% of IFRS net income. The company announces and pays dividends according to the Dividend Policy.
In 2017, Moscow Exchange paid an interim dividend for the first time. At an EGM held on 14 September 2017 Moscow Exchange shareholders voted to pay out a total of RUB 5.67 billion (RUB 2.49 per share) as a dividend for the first half of 2017. Paying interim dividends is in line with best practices and allows for more even distribution of cash flow that the company returns to shareholders and is expected to facilitate lower share price volatility around the ex-dividend date.
| Announced on | Amount of dividend per share declared, RUB | Total pre-tax amount of dividends declared | Percent of net profit under IFRS | Payment period established by the AGM | Actual payment date |
|---|---|---|---|---|---|
| 25 June 2013 Minutes No. 49 of the AGM | 1.22 | RUB 2,901,756,766.66 | 35.4% | Within 60 days of the dividend resolution date | Registrar: 22 August 2013 Register: 26 August 2013 |
| 26 June 2014 Minutes No. 52 of the AGM | 2.38 | RUB 5,423,154,853.34 | 46.83% | By 25 July 2014 for nominee holders; by 15 August 2014 for other registered holders | 24 July 2014 for nominee holders; 7 August 2014 for other registered holders |
| 28 April 2015 Minutes No. 53 of the AGM | 3.87 | RUB 8,818, 323,227.91 | 55.12% | By 25 May 2015 for nominee holders; by 16 June 2015 for other registered holders | 25 May 2015 for nominee holders Register: 16 June 2015 |
| 29 April 2016 Minutes No. 54 of the AGM | 7.11 | RUB 16,201, 105,465.23 | 58.17% | By 30 May 2016 for nominee holders; by 20 June 2016 for other registered holders | By 27 May 2016 for nominee holders Register: by 20 June 2016 |
| 28 April 2017 Minutes No. 56 of the AGM | 7.68 | RUB 17,482, 763,197.44 | 69.42% | By 29 May 2017 for nominee holders; by 20 June 2017 for other registered holders | By 29 May 2017 for nominee holders Register: by 20 June 2017 |
| 14 September 2017 Minutes No. 57 of the AGM | 2.49 (interim dividend) | RUB 5,668,239,630.42 | 55.04% | By 12 October 2017 for nominee holders; by 2 November 2017 for other registered holders | By 12 October 2017 for nominee holders Register: by 2 November 2017 |
| 26 April 2018 Minutes No. 58 of the AGM | 5.47 (interim dividend) | RUB 12,451,915,975.26 Excluding interim dividends. | 89.46% Including interim dividends. | By 28 May 2018 for nominee holders; by 19 June 2018 for other registered holders | – |