|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||2.7000 - 2.7000|
|52 Week Range||1.4400 - 18.4400|
|Beta (5Y Monthly)||0.50|
|PE Ratio (TTM)||1.44|
|Forward Dividend & Yield||1.34 (49.63%)|
|Ex-Dividend Date||May 05, 2022|
|1y Target Est||N/A|
Half Year 2022 Polymetal International PLC Earnings Call
Russian gold and silver producer Polymetal said on Thursday it had decided to cancel the final dividend for 2021 and recommended no interim dividend payment for 2022 due to lower cash flows, sending its shares in London down 11%. Polymetal has not been directly targeted by Western sanctions imposed on Moscow since it sent thousands of troops to Ukraine in February. It also raised its forecast for 2022 production costs.
Several other Russian metals producers, including steel maker Severstal, have also delayed decisions on dividends as sanctions on Russian banks and its economy complicate trade logistics and the transfer of payments. "We have thoroughly re-evaluated the Board's March recommendation on dividends, taking into account recent changes in the macro and regulatory environment, and unanimously have come to a conclusion that the payment decision should be postponed in order to sustain the stability and liquidity of the business," Riccardo Orcel, Polymetal's board chairman, said in a statement on Wednesday.