BACK

Ferrexpo shareholders rewarded with special dividend

6th December 2018

By: Creamer Media Reporter

     

Font size: - +

London-listed Ferrexpo has rewarded its shareholders with a special interim dividend of 6.6c a share, as premiums for high-quality iron-ore pellets remain high.

The company has generated sufficient cash to reduce its debt and to fund its capital expenditure requirements, it said on Thursday, announcing that it would return $40-million to shareholders in the form of a special interim dividend.

In 2017, Ferrexpo declared a special interim dividend of 3.3c a share, or $20-million.

The miner, which operates in Ukraine, stated that its board would consider the final dividend for 2018 ahead of the full-year results on March 20, 2019.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

The login details you entered is incorrect. Please try and re-enter your username and password. If you continue having problems, please contact us at subscriptions@creamermedia.co.za for assistance.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

R/€ = 20.3409 Change: 0.0488
R/$ = 19.0752 Change: 0.0635
Au 2388.17 $/oz Change: 26.84
Pt 949.30 $/oz Change: -3.60