Dividends

VEON’s dividend policy, targets paying at least 50% of prior year Equity Free Cash Flow after licenses. 

Dividend payments remain subject to a review by VEON's Board of Directors of medium-term investment opportunities and the Group's capital structure. The Group’s internal target is to keep Net Debt/EBITDA at around 2.0x (2.4x post IFRS 16).

Dividend history

  • $332 mln paid in dividends for 2006
  • $588 mln paid in dividends for 2007
  • $323 mln paid in dividends for 2009
  • $1.1 bln paid in dividends for 2010
  • $1.3 bln paid in dividends for 2011
  • $1.3 bln paid in dividends for 2012
  • $1.4 bln paid in extraordinary dividends in 2013
  • $791 mln paid in dividends in 2013
  • $60.5 mln paid in dividends in 2014
  • $60.5 mln paid in dividends in 2015
  • $404 mln paid in dividends for 2016
  • $472 mln paid in dividends for 2017
  • $487 mln paid in dividends for 2018
  • $489.8 mln paid in dividends for 2019
  • No dividends paid for 2020