JSC Polus informs that after a thorough analysis of the current… (полюс · выплата · компания)
JSC Polus informs that after a thorough analysis of the current market conditions, management intends to submit to the Board of Directors a recommendation to suspend dividend payments until 2030. As the reason, the company cites its desire to focus on implementing large-scale investment projects by that date.
Consensus
- The management of 'Polюs' intends to recommend to the board of directors the suspension of dividend payments until 2030.
- The decision is based on a thorough analysis of current market conditions.
- The company aims to focus on implementing large-scale investment projects.
- Shareholders have already approved dividends for the first quarter of 2026 at 29.05 rubles per share.
- A total of 28 billion rubles will be allocated for these dividend payments.
Points of divergence
- The suspension decision is also linked to the high cost of debt financing, rising production costs, and declining gold prices due to uncertainty in global monetary policy. — kommersant
- Polюs' stock price dropped by 16.89% by 10:08 MSK after the announcement, falling to 1,519 rubles per share. — kommersant
- The dividend approval for Q1 2026 was based on net profit from Q1 and part of undistributed profits from previous years. — vedomosti
Coverage (3 sources)
- Polus Company to Suspend Dividend Payments Until 2030 — Вести
- «Poleus» to suspend dividend payments until 2030 — Ведомости
- «Poleus» intends to suspend dividend payments until 2030 — Коммерсантъ