JSC Acron Board of Directors has approved a dividend policy defining the amount of dividends and a disbursement method that is transparent to all shareholders.
Acron’s dividend policy helps shareholders exercise their rights to participation in the Company’s income. The dividend policy balances the interests of the Company and its shareholders in defining the amount of dividends and increases the Company’s investment and its capitalization. The policy also promotes respect and strict observance of shareholders’ rights. Under Russian Accounting Standards, dividends must be not less than 30% of net income. Acron’s approved dividend policy will be in force for the next five years.
In recent years, Acron has increased dividends on a yearly basis and distributed them several times a year. This year Acron has paid dividends twice, at the half-year and for the first nine months.