Dividends

VEON’s revised dividend policy, which will be introduced from financial year 2020, targets paying at least 50% of prior year Equity Free Cash Flow after licenses. For financial year 2019, the total dividend amount, and phasing of payments, will be announced with VEON’s full year results in early 2020.

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