Rostelecom Announces Cash Dividend Payments for Preferred and Ordinary Shares

Strategic Insights -

Rostelecom, a major Russian telecommunications company, has informed the National Settlement Depository (Moscow Exchange Group) of its decision to pay cash dividends to shareholders. The dividend payment details for both preferred and ordinary shares have been specified. Shareholders registered in the shareholder register as professional securities market participants will receive their dividend payments on July 26, 2021, while other shareholders will receive theirs on August 16, 2021. The record date for this dividend payment is July 12, 2021.

Key Takeaways:

  • Rostelecom has announced cash dividend payments for its preferred and ordinary shares.
  • Preferred shares (RU0009046700) will receive a gross dividend of 5% of the standard period for 12 months in 2020.
  • Ordinary shares (RU0008943394) will also receive a gross dividend of 5% of the standard period for 12 months in 2020.
  • Payment dates are July 26, 2021, for nominees and trustees, and August 16, 2021, for other registered shareholders.
  • The record date for dividend payment is July 12, 2021.
  • It is pursuant to CBRF Regulation No. 546-P of June 1, 2016, that NSD received information from the issuer regarding dividend payment details.
  • The payment currency is Russian ruble (RUB).
  • The dividend payments are based on the Board of Directors' (Supervisory Board) recommendations regarding dividend payment on shares and the size of the order of their payment.

Statistics:

  • Dividend payment rate for preferred shares: 5% of the standard period for 12 months in 2020.
  • Dividend payment rate for ordinary shares: 5% of the standard period for 12 months in 2020.
  • Record date for dividend payment: July 12, 2021.
  • Payment date for nominees and trustees: July 26, 2021.
  • Payment date for other registered shareholders: August 16, 2021.
  • Russian ruble (RUB) is the payment currency.

Sources:

  • National Settlement Depository (Moscow Exchange Group)
  • PJSC "Rostelecom"
  • AO VTB REGISTRATOR