Evraz Dividends - EVR

Evraz Dividends - EVR

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Stock Name Stock Symbol Market Stock Type
Evraz Plc EVR London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
3.80 0.62% 618.00 16:35:16
Open Price Low Price High Price Close Price Previous Close
620.40 617.80 630.40 618.00 614.20
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Industry Sector

Evraz EVR Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

doubleorquits: Dividend for nothing and now consolidating to make its assault on £7+
krutt: hxxps://www.morningstar.co.uk/uk/news/111721/top-ftse-dividend-paying-stocks.aspx Very interesting article in Morning Star, however if you look at it from an investing point of view Evraz should definitely be top of the league. Very happy to hold this stock paying excellent dividends and showing good growth in the share price.
garycook: Looking very good here.Another dividend so soon,.EVR must be cash rich atm issuing another Interim.Onwards and upwards £7 next target.Also should be another 20c dividend declared in August. Evraz Current Yield Details - 8.27% Dividends Declared in Previous 12 months Year End Type Announce Date Ex-Dividend Date Payment Date Dividend 12/2020 Interim 06-Aug-20 20-Aug-20 02-Oct-20 $0.2 12/2020 Interim 25-Feb-21 11-Mar-21 07-Apr-21 $0.3 12/2021 Interim 15-Apr-21 27-May-21 25-Jun-21 $0.2 Total: $0.7 Dividend Yield = Total Dividends Current Share Price = $0.7 614.00p = 8.27%
doubleorquits: The stock that keeps on giving. Two more announcements today after hours which both state that shareholders can expect to receive some additional bonus distributions. 1) An interim dividend of 20c to be paid in June 2) Demerger of coal arm gathering momentum it seems with further distributions to shareholders anticipated if it proceeds.
mackie: Anyone seen a sight of the dividend, I believe it should have been paid on the 7th?
doubleorquits: This is the stock that keeps giving. As per my previous post, I had hoped for a slight increase over the previous 20c dividend subject to cashflow/results. I would assume that we may even be able to expect the next dividend later in the year to match or better this one. That would imply 60c going forward as a minimum which gives a healthy return of around 7% at £6. Not so long ago these were paying 75c per annum. As I daid before, anyone buying at or around the lows a year ago has not only more than doubled their capital but locked in a handsome dividend yield going forward.
doubleorquits: I think the dividend might give us a fair idea of fair value. At £6 a dividend of 30p per annum i.e. the same tomorrow as the interim will mean that would be a yield of 5% which in recent history is low. I don't expect a full year total to be 45p (i.e tomorrow's dividend would have to be 30p) but it would be nice. All depends on free cashflow but certainly anybody buying at the March lows has probably locked in a double digit yield or already. I am speculating but I would be surprised and disappointed if it was below 15p subject to currency fluctuations with the strong pound. The last dividend is valued at only 14.5p at today's conversion rates. Just thinking out loud to myself.....
krutt: Why can't all my shares be like this? I bought in a year ago and am more than happy with performance and dividend. I cant recall whoever put me on to Evraz but a Huge Thanks to you!
doubleorquits: I'm still here too! I've been mulling over the statement made in AGM notice about dividends and whether that will have any bearing on the amount of future dividend payments they are able to pay. "As noted on page 140 of the Company's 2019 Annual Report and Accounts, in February 2020 the Board became aware that certain dividends paid in 2018 and 2019 had been made otherwise than in accordance with the Companies Act 2006; due to an administrative error, interim accounts were not filed at Companies House prior to the dividends being made. Due to the ongoing COVID-19 situation, this year's AGM will focus only on essential business and therefore the resolutions to address this administrative error will be proposed at next year's AGM. There will be no changes to dividend payments paid previously and this will have no impact on the Company's ability to pay future dividends. The Board has taken the necessary steps to ensure that, in future, such administrative errors do not arise in relation to the payment of dividends. I know it says there will be no impact on the ability to pay future dividends but might it affect the level, particularly as they reference past payments not being subject to change?
thorpematt: Correctamundo, Sterling strength wiping the other 15p off I guess. Also, Moody's have just upgraded Evraz Ba1 which should lower borrowing cost a tad I suppose....and raise sentiment I suppose. Here's the detail:- Rating Action: Moody's upgrades Evraz's rating to Ba1; stable outlook 22 Nov 2018 London, 22 November 2018 -- Moody's Investors Service (Moody's) has today upgraded Evraz Group S.A.'s (Evraz) corporate family rating (CFR) to Ba1 from Ba2, probability of default rating (PDR) to Ba1-PD from Ba2-PD and senior unsecured rating assigned to the notes issued by Evraz to Ba2 from Ba3. The outlook on Evraz's ratings is stable. "We have upgraded Evraz's ratings based on continuing reduction in its leverage and total debt, and our expectation that it will be able to keep leverage sustainably within our threshold for its Ba1 rating, will adhere to its balanced financial policy and maintain healthy liquidity," says Artem Frolov, a Vice President - Senior Credit Officer at Moody's. RATINGS RATIONALE Today's upgrade of Evraz's rating to Ba1 reflects Moody's expectation that Evraz will (1) maintain its Moody's-adjusted total debt/EBITDA below 2.5x on a sustainable basis; (2) continue to gradually reduce total debt amount and be able to generate sustainable positive post-dividend free cash flow; (3) adhere to its balanced financial policy and tailor its dividend payouts to the steel and coking coal market pricing environment and capital spending; and (4) continue to maintain healthy liquidity and pursue conservative liquidity management. As of 30 June 2018, Evraz's leverage expectedly declined to 1.5x from 2.1x at year-end 2017 and 4.0x at year-end 2016. The decline in leverage was driven primarily by the 29% increase in the company's Moody's-adjusted EBITDA in the 12 months ended 30 June 2018, to $3.4 billion, compared with $2.6 billion in 2017, due to continuing high steel and coking coal prices, as well as ongoing reduction in Moody's-adjusted total debt amount by 12% to $5.0 billion. Moody's expects Evraz's leverage to remain below 2.0x over the next 12-18 months, assuming a moderate decline in steel, coking coal and vanadium prices in 2019-20 from their year-to-date average levels which Moody's views as unsustainably high. The company's EBITDA and, consequently, leverage are sensitive to the volatile prices of steel, coking coal and, to a lesser extent, vanadium. Owing to the particularly favourable pricing environment in 2018, including the recent increase in vanadium prices, and reduced total debt amount, the company has built a comfortable leverage headroom. If prices were to materially decline from 2019 (although this is not Moody's central scenario), Evraz's leverage would likely grow to around 2.5x only in 2020, all else being equal. Evraz's EBITDA and leverage are also sensitive to the RUB/USD exchange rate, but Moody's does not expect any major rouble appreciation, which would negatively affect Evraz, over the next 12-18 months amid the persistent threat of sanctions against Russian corporates, banks and sovereign debt. Evraz's Ba1 rating also factors in (1) the company's profile as a low-cost integrated steelmaker, including low cash costs of coking coal and iron ore production, and a large low-cost producer of vanadium; (2) its high self-sufficiency in iron ore and coking coal; (3) its product, operational and geographical diversification; (4) its strong market position in long steel products in Russia, including leadership in rail manufacturing, large diameter pipes and rails in North America, and vanadium globally; (5) the sustained demand for Evraz's steel products in Russia, and oil country tubular goods (OCTG) and rails in North America; (6) the company's financial policy which anticipates maintaining net debt below $4 billion and net debt/EBITDA below 2.0x; and (7) the company's long-term debt maturity profile and strong liquidity. At the same time, Evraz's rating takes into account (1) the fact that the company's public guidance indicates only minimum dividend amount and a leverage cap but lacks any target dividend payout ratio, which creates uncertainty over the company's post-dividend free cash flow, although Moody's expects Evraz to tailor its dividend payouts to the steel and coking coal market pricing environment and capital spending; (2) the sluggish demand for steel in the Russian construction sector, which is the major consumer of Evraz's steel products, although Moody's expects this demand to improve over the next 12-18 months, supported by the state initiatives to develop infrastructure and boost residential construction, and tightening of residential construction regulations from July 2019 which stimulates developers to launch new projects beforehand; (3) the overall negative effect of the 25% steel import tariff, imposed by the US in March 2018 and Canada in October 2018, on Evraz's business in North America, although Moody's does not expect it to have any material effect on Evraz's consolidated financial performance; (4) the company's plan to increase capital spending in 2019-22; and (5) continued volatility in prices of steel, coking coal and vanadium. The Ba2 rating of Evraz's senior unsecured notes is one notch below the company's CFR. This differential reflects Moody's view that the notes are structurally subordinated to more senior obligations of the Evraz group, primarily to unsecured borrowings at the level of the group's operating companies, including its two core steelmaking plants Evraz NTMK and Evraz ZSMK. RATIONALE FOR THE STABLE OUTLOOK The stable outlook reflects the company's solid positioning within the current rating category, despite the volatility in steel, coking coal and vanadium prices and generous dividend payouts. WHAT COULD CHANGE THE RATINGS UP/DOWN Moody's could upgrade Evraz's ratings if the company (1) maintains its Moody's-adjusted total debt/EBITDA below 1.5x on a sustainable basis; (2) adheres to balanced financial policies and generates sustainable positive post-dividend free cash flow; and (3) continues to pursue conservative liquidity management and maintains healthy liquidity. Moody's could downgrade the ratings if the company's (1) Moody's-adjusted total debt/EBITDA rises towards 3.0x on a sustained basis; (2) post-dividend free cash flow becomes sustainably negative; or (3) liquidity and liquidity management deteriorate materially. PRINCIPAL METHODOLOGY The principal methodology used in these ratings was Steel Industry published in September 2017. Please see the Rating Methodologies page on www.moodys.com for a copy of this methodology. Evraz is one of the largest vertically integrated steel, mining and vanadium companies in Russia. The company's main assets are steel plants and rolling mills (in Russia, North America, Europe and Kazakhstan), iron ore and coal mining facilities, as well as trading assets. In the 12 months ended 30 June 2018, Evraz generated revenue of $12.1 billion (2017: $10.8 billion) and Moody's-adjusted EBITDA of $3.4 billion (2017: $2.6 billion). EVRAZ plc currently holds 100% of the company's share capital and is jointly controlled by Roman Abramovich (30.52%), Alexander Abramov (20.69%), Alexander Frolov (10.33%), Gennady Kozovoy (5.80%) and Alexander Vagin (5.74%). REGULATORY DISCLOSURES For ratings issued on a program, series or category/class of debt, this announcement provides certain regulatory disclosures in relation to each rating of a subsequently issued bond or note of the same series or category/class of debt or pursuant to a program for which the ratings are derived exclusively from existing ratings in accordance with Moody's rating practices. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. For further information please see the ratings tab on the issuer/entity page for the respective issuer on www.moodys.com. For any affected securities or rated entities receiving direct credit support from the primary entity(ies) of this credit rating action, and whose ratings may change as a result of this credit rating action, the associated regulatory disclosures will be those of the guarantor entity. Exceptions to this approach exist for the following disclosures, if applicable to jurisdiction: Ancillary Services, Disclosure to rated entity, Disclosure from rated entity. Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review. Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating. Please see the ratings tab on the issuer/entity page on www.moodys.com for additional regulatory disclosures for each credit rating. Artem Frolov VP - Senior Credit Officer Corporate Finance Group Moody's Investors Service Limited, Russian Branch 7th floor, Four Winds Plaza 21 1st Tverskaya-Yamskaya St. Moscow 125047 Russia JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Victoria Maisuradze Associate Managing Director Corporate Finance Group JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454 Releasing Office: Moody's Investors Service Ltd. One Canada Square Canary Wharf London E14 5FA United Kingdom JOURNALISTS: 44 20 7772 5456 Client Service: 44 20 7772 5454
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