Ferrexpo Share News (FXPO)

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Ferrexpo Declares Another Special Interim Dividend

Fri, 11th Sep 2020 09:20

(Alliance News) - Ferrexpo PLC on Friday declared a special interim dividend of 6.6 US cents per share, following a special payout announced in June.

The Swiss-headquartered iron ore company's 6.6 cents per share special dividend, combined with its June special dividend and interim dividend of the same amount, takes Ferrexpo's total distributions announced for 2020 to 19.8 cents per share from 13.2 cents per share.

Ferrexpo said: "Today's special interim dividend reflects the group's strong cash generation and is in line with the board's strategy to maintain a balance between sustainable and attractive shareholder returns, investment in growth opportunities and balance sheet strength. Since the first half of the year, Ferrexpo's operations have continued to perform well and demand remains strong for the company's iron ore pellets."

The special interim dividend will be paid October 8 to shareholders on the register at close of business on September 25.

Shares in Ferrexpo were up 4.5% at 183.80 pence in London on Friday morning.

By Anna Farley; annafarley@alliancenews.com