Mechel Announces Payment of Dividends Based on 2020 Results

Rhea-AI Summary

Mechel PAO (NYSE:MTL) has announced the payment of dividends for its privileged shares, amounting to 162.3 million rubles based on its 2020 results. The dividend per privileged share is set at 1.17 rubles. This payout reflects the company's ongoing commitment to returning value to its shareholders amidst the volatile market conditions.

Positive

• Dividend payment of 1.17 rubles per share, totaling 162.3 million rubles, demonstrates commitment to shareholder returns.

Negative

• Potential risks highlighted in the press release regarding market volatility and regulatory challenges in Russia.

MOSCOW, RUSSIA / ACCESSWIRE / August 17, 2021 / Mechel PAO (NYSE:MTL, MOEX:MTLR), a leading Russian mining and metals company, reports paying dividends to holders of its privileged shares based on the company's results for 2020.

Mechel PAO has accrued a total of 162.3 million rubles for dividend payment to holders of its privileged shares. The dividend amount per one privileged share was 1.17 rubles.

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com

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Mechel is an international mining and steel company. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.

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Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.

SOURCE: PJSC Mechel

View source version on accesswire.com:
https://www.accesswire.com/660095/Mechel-Announces-Payment-of-Dividends-Based-on-2020-Results

FAQ

What is the dividend amount for MTL shares?

The dividend amount for Mechel's privileged shares is 1.17 rubles.

When will the dividends be paid for MTL?

The specific payment date for the dividends has not been mentioned in the press release.

What factors could affect MTL's future dividends?

Factors include market volatility, regulatory approvals, and overall economic conditions.