Shareholders of TMK approved dividends for 6 months 2022 in the amount of ₽9.68 per ordinary share. The last day of purchase of securities to receive dividends is September 7, 2022. Dividend yield may amount to 10.39%.

Pipe Metallurgical Company's IFRS net income for six months of 2022 was ₽20.412 billion, against a loss of ₽2.882 billion in the previous year. Revenue increased 72.6% to ₽300.84 billion compared to ₽174.28 billion a year earlier.

TMK has mastered the production of pipes with a diameter of 2,520 mm. One of the main purposes of this type of pipe is the construction of port coastal fortifications in regions with difficult climatic conditions. In 2022 TMK also plans to present a new line of pipe solutions for hydrogen production and distribution, transportation and storage - TMK Sputnik...

TMK's board of directors did indeed recommend a dividend of ₽9.68 per common share for the first six months of 2022. However, instead of disclosing the message in the feed of the authorized news agency, for some reason the company decided to inform the media about the recommendation. If the issuer is not "kidding" this time, the yield could be 12.5%. An extr...