Dividends

Dividend policy

According to MMC Norilsk Nickel dividend policy approved by the Board of Directors in 2002, the Company strives to distribute from 20% to 25% of its net profit for the year after tax, calculated in accordance with IFRS, as dividends.

Final dividends for 2009

Based on the financial and operating results of the Group for 2009, the Board of Directors proposed for approval at the Annual General Meeting of Shareholders to be held on 28 June 2010 dividends for 2009 in the amount of 210 rubles per ordinary share. Therefore, the total sum of dividends shall amount to 1.325 billion US dollars or 50% of net profit under IFRS.

Dividend history

  2009 2008  2007(2) 9 m.
2007
  		2006(2) 9 m.
2006		 2005(2) 9 m.
2005		 2004(2) 9 m.
2004		 2003(2) 9 m.
2003		 2002
Dividend per share, in RUB
210
  
-
220
  

108
176
56
96.49
43
69.4
41.4
42.1
42.1
21.7
Dividend per share, in USD (1)
6,7
  
-
9.34
  
4.38
6.7
2.09
3.47
1.49
2.47
1.46
1.37
1.37
0.68

Note:

(1)  - at the exchange rate as fixed by Central Bank on the date of announcement

(2)  - including interim dividends