Norilsk Nickel board recommends 9-month 2020 dividend of $1.24bn

The board of Russia's Norilsk Nickel on Tuesday recommended a nine-month dividend of 98.64-billion roubles ($1.24-billion), at 623.35 roubles per share, down sharply fall from 2019.

The company's biggest shareholder Vladimir Potanin told Reuters last week that Norilsk Nickel should keep its dividends to a minimum this year, as it contends with the coronavirus crisis and a potential $2-billion environmental damages bill.

Potanin's Interros, aluminium producer Rusal and some other stakeholders have a dividend agreement that suggests Nornickel pays them at least twice a year.