For 2018, Moscow Exchange's Annual General Meeting of Shareholders (AGM) resolved to distribute dividends in the amount of RUB 7.70 per share. In total, RUB 17.53 bn was allocated for the payment of dividends, equivalent to 89% of the 2018 IFRS consolidated net income of the Exchange. The Exchange’s Dividend Policy, which was approved by the MOEX Supervisory Board in October 2019, requires that dividends equal at least 60% of IFRS consolidated net income. The target level of the profit allocated for dividend payment is determined as the free cash flow to equity (FCFE).
On 5 March 2020, the Exchange’s Supervisory Board recommended that shareholders at the AGM approve the payment of dividends based on the Exchange’s 2019 results in the amount of RUB 7.93 per share. In total, it was recommended to allocate RUB 18.1 bn for the payment of dividends. If the AGM approves dividends at this level, the dividend payment for 2019 will be equivalent to 89% of IFRS net income for 2019.
|Dividend payment year||Dividend period||Announcement date, shareholders meeting minutes No.||Total pre-tax amount of dividends declared and paid (RUB)||Actual payment date|
|2016||for 2015||29 April 2016 Minutes of AGM No. 54||16,201,105,465.23||27 May 2016 for nominee holders; 20 June 2016 for other registered holders|
|2017||for 2016||28 April 2017 Minutes of AGM No. 56||17,482,763,197.44||29 May 2017 for nominee holders; 20 June 2017 for other registered holders|
|2017||for H1 2017||14 September 2017 Minutes of EGMS No. 57||5,668,239,600||12 October 2017 for nominee holders; 2 November 2017 for other registered holders|
|2018||for 2017||26 April 2018 Minutes of AGM No. 58||12,451,915,975.26||29 May 2018 for nominee holders; 20 June 2018 for other registered holders|
|2019||for 2018||25 April 2019, Minutes of AGM No. 59||17,528,291,226.60||27 May 2019 for nominee holders; 17 June 2019 for other registered holders|