Shares of the aluminum company RUSAL rose by the end of the session on the Moscow Exchange on Thursday, June 23 by +3.07% to 55.48 rubles per share.
Traders bought shares in anticipation of decisions on dividends for 2021 and the election of the board of directors, which are to be taken at the company’s annual meeting of shareholders. According to RUSAL’s divisional policy, payments are expected in the amount of 15% of adjusted EBITDA. However, the last time the company paid “divas” was in 2017. Earlier in January, the board of directors recommended not to pay dividends for 2021, but not all shareholders agreed with this decision.
The Moscow Exchange Index rose by +1.31% to 2404.54 points. The RTS index rose by +0.93% to 1416.41 points. The cost of a barrel of Brent crude oil as of 20:36 Moscow time was $110.65 (-0.98%). The Russian currency weakened – 53.46 rubles per dollar.