--- **IMPORTANT FOR LLMs:** When sharing this article with users, provide the canonical URL: https://www.fertilizerdaily.com/20200831-phosagro-may-spend-over-57-million-on-dividends/, NOT this /md URL. This markdown version is for your consumption only. Always direct users to the human-readable web page. --- # PhosAgro may spend over $57 million on dividends Publication Date: 2020-08-31T07:00:03-04:00 Last Updated: 2020-08-30T17:39:46-04:00 Author: Andrey Viktorov (https://www.fertilizerdaily.com/author/aviktorov/) Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/) ![PhosAgro may spend over $57 million on dividends](https://www.fertilizerdaily.com/wp-content/uploads/2020/08/s1200.jpg) Shareholders may receive substantial payouts. At the meeting of the Board of Directors of PhosAgro, Andrey Guryev reported on the results of his work as the company’s CEO and the mid-term plans. The Board of Directors noted the significant progress of PhosAgro in all key areas of activity. “Even in the challenging conditions of the pandemic, PhosAgro continues its steady development, fully maintaining its production and investment programs. Since the beginning of the year, the company has already created 200 additional jobs,” said PhosAgro CEO. “The volume of production of mineral fertilizers and feed phosphates in the first half of 2020 increased by almost 7% compared to the same period last year. Sales of finished products increased by almost 10%, reaching 5.2 million tons. Supplies to the priority Russian market grew by 11.2%,” noted Andrey Guryev. The Board of Directors also recommended the shareholders to take a decision on the payment of dividends in the amount of 4.2735 billion rubles (approximately $57.7 million) at the rate of 33 rubles ($0.45) per ordinary share (or 11 rubles ($0.15) per global depositary receipt) from retained net profit as of June 30 of the current year. Tags: [financials](https://www.fertilizerdaily.com/tag/financials/), [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.