MD Medical Group announces record-breaking dividends - News — Group of companies "Mother and child"

MD Medical Group (“MD Medical Group”, “MDMG”, "Group" or the "Company"; MOEX: MDMG), a leading Russian private healthcare provider, announces the Board of Directors' decisions regarding the payment of interim dividends.

At the meeting held on 7 June 2024, the Company's Board of Directors resolved to pay dividends based on the results of the 3M 2024 on the ordinary shares of MD Medical Group IPJSC. The total dividend amount will be c. RUB 10.6 billion, or RUB 141 per ordinary share (before tax on income received as dividends), including the use of retained earnings from previous years.

The record date for persons entitled to receive dividends will be 20 June 2024 (end of business day). Trading in MD Medical Group shares on the Moscow Exchange is expected to resume before the record date.

Dividend payments are scheduled to be made in the first half of July.

MDMG CEO Mark Kurtser said:

"I am pleased to announce that, following the successful completion of the Company's registration process in Russia, we can finally share the remarkable progress the Company has achieved over the past few years with our shareholders. This will be reflected in the payment of a record-breaking dividend in the Group's history. As per the decision of the Company's Board of Directors, the dividend will amount to RUB 141 per share of MD Medical Group.

The decision to distribute more than 60% of the profit for Q1 2024 and the retained earnings for previous periods for which dividends were not paid, takes into consideration the balance of interests between shareholders, who will benefit from a high level of dividend yield, and the Company, which is implementing a large-scale business development strategy.

The Company's dynamic development, growth in operating and financial performance, and an attractive dividend yield are all compelling factors that contribute to the investment appeal of MD Medical Group shares."


About MD Medical Group

MD Medical Group is a leading provider in the Russian private healthcare service market. The Company manages 55 modern healthcare facilities, including 11 hospitals and 44 out-patient clinics in 27 regions of Russia. In 2023, MD Medical Group's revenue amounted to RUB 27.6 bln while EBITDA was RUB 9.2 bln. 

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