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.”
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.”