LSR shares fell on news of the change in dividend policy

Shares of the developer LSR on Thursday, October 22, at a minimum fell by 3.42%, to е548.6, follows from the trading data of Mosbirzhi. The quotes responded to the company’s report that the Board of Directors approved the regulation on the dividend policy of the company in a new edition.

According to the new document, the main change is the exclusion from the dividend policy of LSR of the reference for the payment of at least 20% of net profit under IFRS.

“When determining the amount of dividends recommended to the Meeting, the Board of Directors takes into account the economic situation, the current financial and competitive situation of the Company, the prospects for its development, including forecasts of operating cash flow and capital investments, borrowing needs and other factors affecting the preservation of financial stability and flexible capital structure,” the document says.

At the same time, the board of directors may still recommend not to pay dividends, in particular, if there is insufficient net profit or cash, failure to fulfill the investment program or exceeding the target level of debt.

LSR Group has been paying dividends to its shareholders since 2011. The company last changed its dividend policy in 2023. The recommended amount of dividends is determined by the board of directors and is generally at least 20% of IFRS net income. At the end of 2025, the company paid dividends in the amount of 78 per share (dividual yield was about 13%).

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