ukcitymedia news feed

Ferrexpo to pay a special dividend after continued strong cash generation

Ferrexpo to pay a special dividend after continued strong cash generation

Thu 6 Dec 2018 08:40 by about : trading updates - 0 Comments - 416 words

Ferrexpo has continued to trade as expected in the second half of 2018. Pellet premiums have remained at the high levels of 1H 2018 and cash generation has enabled debt reduction and funded capital expenditure. Overall, the Group believes seaborne pellet demand will be strong in 2019 while supply is expected to remain constrained.


As a result of strong cash generation, the Board has declared a special interim dividend of 6.6 US cents or US$40 million (2017 special interim dividend: 3.3 US cents or US$20 million). 


The Board's strategy is to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength.


The Board will consider the final dividend for 2018 ahead of the full year results on 20 March 2019.


The dividend will be paid on 14 January 2019 to shareholders on the register at the close of business on 14 December 2018.  It will be paid in UK Pounds Sterling, with an election to receive in US Dollars.

These articles are summaries / highlights and dont always include all financial news updates. Check at company website INVESTORS INFORMATION for full published results.

Add a comment



Security key:



ukcitymedia news feed

Please take our RSS Feed and news to your Network and message boards. With thanks


ukcitymedia moderates but does not authenicate postings. Users are reminded that shares and all trading instruments by nature do not always prove to be good investments. Readers are reminded to do your own research. delivers UK stock market news, latest shares news, uk financial news, rns news articles, latest business news, latest uk financial news, stockmarket investment news, business news round-ups. director dealings bulletins, stock market reports, share trading articles, latest finance news, broker recommendations, uk city news, latest financial information. does not offer financial advice.