Source: Nornickel
The management of Nornickel (NILSY) should be definitely commended for its realism - the team has a realistic view on the market situation, and, realistically, nobody among managers knows how and when the situation around the environmental damage will be settled down.
Dividends will be affected by the provision of funds for the fine payment, but the company still plans to challenge the estimate. All in all, a favorable price environment fueled by market optimism continues to support Nornickel's financials amid the stagnating production, so investors may expect an attractive dividend