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Ferrexpo shareholders rewarded with special dividend

6th December 2018

By: Creamer Media Reporter

     

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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

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