Swiss-headquartered Ferrexpo, which operates mines in Ukraine, has declared an interim dividend of 13.2c a share, reflecting the continued operational performance by its business and favourable market demand for its iron-ore products.
"Throughout the invasion of Ukraine, which began in February 2022, we have remained focused on the safety and well-being of our workforce, whilst also maintaining business continuity, enabling us to deliver value for all of our stakeholders.
“Our operations are currently benefiting from market conditions that are favourable for high-grade forms of iron-ore, such as those produced by the group. As a result, our business continues to provide employment opportunities for our workforce, local community and national support through the Ferrexpo Humanitarian Fund, the payment and prepayment of taxes, and shareholder returns for investors that have continued to support Ferrexpo during the invasion of Ukraine,” said CEO Jim North.
This is Ferrexpo’s first dividend announcement for the 2022 financial year and follows the announcement of a final dividend for 2021, which had been submitted for approval at the group’s annual general meeting on June 15.