Moscow – Today an extraordinary general meeting of shareholders of PhosAgro (Moscow Exchange, LSE: PHOR), one of the world’s leading vertically integrated phosphate-based fertilizer producers, approved a dividend payment of RUB 10.101 billion, or RUB 78 per ordinary share (RUB 26 per global depositary receipt). The dividend record date was set as 6 July 2020.
PhosAgro CEO Andrey Guryev said, “reliable measures to protect against the coronavirus and well-coordinated teamwork enabled us to ensure the safe operation of PhosAgro’s production facilities and increase fertilizer sales to both our priority Russian market and export markets against the backdrop of a recovery in world prices. This led to confident growth in financial performance in 1Q 2020, which enabled us to maintain a decent level of dividend payments, to continue to finance new strategic investment projects and to implement social and charity programs.”