Dividends

Dividend policy

According to MMC Norilsk Nickel dividend policy approved by the Board of Directors in 2002, the Company strives to distribute from 20% to 25% of its net profit for the year after tax, calculated in accordance with IFRS, as dividends.

Final dividends for 2010

Based on the financial and operating results of the Group for 2010, the Board of Directors proposed for approval at the Annual General Meeting of Shareholders to be held on 21 June 2011 dividends for 2010 in the amount of 180 rubles per ordinary share.

Dividend history

Period Dividend per share
RUR USD(1)

2010

 180.0 6.4

2009

 210.0 6.8

2008

 - -

2007(2)

 220.0 9.3

9 m 2007

 108.0 4.4

2006(2)

 176.0 6.7

9 m 2006

 56.0 2.1

2005(2)

 96.5 3.5

9 m 2005

 43.0 1.5

2004(2)

 69.4 2.5

9 m 2004

 41.4 1.5

2003(2)

 42.1 1.4

9 m 2003

 42.1 1.4

2002

 21.7 0.7

Notes:
(1)  - at the exchange rate as fixed by Central Bank on the date of announcement
(2)  - including interim dividends