---

**IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200623-phosagro-to-pay-substantial-dividends/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page.

---

# PhosAgro to pay substantial dividends

Publication Date: 2020-06-23T11:02:25-04:00
Last Updated: 2020-06-22T17:23:27-04:00

Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/)

![PhosAgro to pay substantial dividends](https://www.fertilizerdaily.com/wp-content/uploads/2020/06/d.jpg)

Hard work has brought excellent results.

At the extraordinary meeting, PhosAgro shareholders decided to pay dividends in the amount of 10.101 billion rubles (approximately $145.5 million) at the rate of 78 rubles ($1.12) per ordinary share (or 26 rubles ($0.37) per global depositary receipt).

As PhosAgro CEO Andrey Guryev noted “the conducted antiviral measures and well-coordinated teamwork allowed us to ensure the safe operating of the productions and increase fertilizer sales to the Russian market and for export. As a result, the company shows sustainable growth in financials in the first quarter of this year. This helps us to maintain a decent level of dividend payouts, finance new strategic investment projects and continue implementing social and charity programs.”

Tags: [mineral fertilizers](https://www.fertilizerdaily.com/tag/mineral-fertilizers/), [PhosAgro](https://www.fertilizerdaily.com/tag/phosagro/)

---

**About Fertilizer Daily:**

Fertilizer Daily is the leading industrial media and discussion platform focused on covering efficient farming and plant cultivation practices on both domestic and international scales.

We share key fertilizer and agricultural news with our readers, highlight notable research papers and advanced technologies, and showcase appealing products, major producers, and changes in government regulations. Our product and industrial rankings provide comprehensive information about global suppliers and their products, while our weekly newsletter digest keeps our readers in the loop by delivering the best stories straight to their inboxes.