The Company's dividend policy is based on the principle of fair distribution of profit among all its shareholders pro rata their respective holdings of relevant classes of shares, taking into account a rational correlation of the amount paid in dividends and the funds needed to carry out the strategic plans of the Company’s development. The dividend on preference shares cannot be lower than as determined in the Company's Articles of Association.
Baltika seeks to steadily increase the amount of money allocated to pay dividends to shareholders.
In recent years, Baltika has held a policy of paying equal dividend on both ordinary and preference shares.
Period for which dividend is paid
Size of dividend per common share, RUB
Size of dividend per preferred share, RUB
2000 *
3,16
4,11
2001 *
8,50
11,00
2002
9,32
12,12
2003
11,64
15,13
2004
13,94
18,12
2005
24,33
24,33
2006
39,50
39,50
2007
52,00
52,00
2008
85,10
85,10
2009
128,00
128,00
* The size of dividend provided with regard to the share split under which each ordinary and preferred share of the Company of 80 RUR per value was converted into 80 shares of relevant category of 1RUR per value each.
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