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ALROSA Pays $426M Dividend For H1 2019; Net Debt Is $533M

ALROSA's Supervisory Board recommended a RUB 28.3 billion ($425.7 million) dividend payout for the first half of 2019. The company said that in accordance with its dividend policy, the dividend amounted to 100 percent of the free cash flow for the first half of this year, translating to a 5 percent yield.

ALROSA recorded a net profit of RUB 37.5 billion ($564 million) for the period, while net debt stood at RUB 35.4 billion ($532.5 million).

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