Ferrexpo shareholders rewarded with special dividend
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.
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