Nordgold is focused on delivering a dividend to its shareholders based on the net profit that the Company delivers on a quarterly basis

In November 2013 the Board of Directors of Nordgold approved changes to the Company’s dividend policy.

  • Nordgold has introduced payment of an interim quarterly dividend
  • The targeted payout ratio going forward is 30% of the average net profit calculated in accordance with IFRS for the relevant period attributable to shareholders
  • Dividends are based on the estimation of the pro-forma underlying profit (adjusted for one-off non-cash impairment)

The purpose of this new dividend policy is to deliver more frequent dividend payments to the shareholders of the Company.

The annual dividends are declared at the shareholders’ Annual General Meeting based on a recommendation by the Board of Directors.

The interim dividends will only be paid-out if approved by the Board of Directors in full compliance with the requirements of the applicable law.

Nordgold has no limitation from the bond- and debt holders on the dividend payments.

Nordgold invests in production and technology. This helps us achieve the efficiencies we need to provide good returns on investor capital. We work hard to maintain our shareholders’ confidence in the Company’s present and future.

PeriodDividend per GDR, US centsTotal amount, $US mRecord datePay out date
Q4 2016 5.12 19.0 March 2, 2017 March 13, 2017
Q3 2016 4.24 15.7 December 15, 2016 December 30, 2016
Q2 2016 5.52 20.4 December 15, 2016 December 30, 2016
Q1 2016 3.19 11.8 June 9, 2016 June 21, 2016
Q4 2015 1.59 5.9 March 7, 2016 March 17, 2016
Q3 2015 3.50 13.0 December 3, 2015 December 16, 2015
Q2 2015 4.12 15.4 September 18, 2015 September 30, 2015
Q1 2015 6.40 24.2 June 10, 2015 June 22, 2015
Q4 2014 1.33 5.1 March 5, 2015March 20, 2015
Q3 2014 3.64 13.7 December 4, 2014December 15, 2014
Q2 2014 3.81 14.4 September 15, 2014September 25, 2014
Q1 2014 1.53 5.8 June 12, 2014June 27, 2014
Q3 2013 2.38 9.0 November 29, 2013December 9, 2013
H1 2013 4.05 15.3 September 23, 2013October 2, 2013
201211.8 44.6 June 14, 2013June 28, 2013

CONTACTS

Olga Ulyeva


Head of Media Relations
tel.+7 495 644 44 73 #707 6632

ROMAN MEZHUEV

RECRUITMENT MANAGER
tel.+7 495 644 44 73

OLEG BAZALEEV

HEAD OF SUSTAINABLE DEVELOPMENT PROJECTS
tel.+7 495 644 4473 #707 6746