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