Polymetal, one of Russia’s largest gold and silver producers, is considering updating its dividend policy to make it more predictable, its chief financial officer said, after the company announced record-high earnings for 2019.
Polymetal, which distributed its highest-ever dividends for the previous year, said on Wednesday its 2019 net earnings rose 36% to $483-million due to stronger global gold prices and higher output.
"We are considering some possible refinements to our dividend policy," finance chief Maxim Nazimok told Reuters. "Special dividends in their current form always come as something of a surprise to investors … We are thinking about how to improve predictability."