Reported 4 days ago
Anglo American Platinum Ltd. has declared an additional cash dividend of 15.7 billion rand ($856 million) as it prepares for its parent company's exit later this year. This payout raises the total dividend for 2024 to 71.75 rand per share. The strategy is part of a broader restructuring plan following an unsolicited $49 billion takeover proposal by BHP Group, with a focus on a demerger scheduled for June. Despite the dividend announcement, Amplats reported a 45% drop in profits last year due to declining prices of palladium and rhodium.
Source: YAHOO