16th Nov 2021 10:03
Ferrexpo PLC - iron ore pellets producer - Board approves formal shareholder returns policy with a target payout of 30% of free cash flow. Says it will continue to evaluate additional shareholder returns, in the form of special dividends, at times of strong financial and operational performance.
"Ferrexpo is a company that has consistently delivered both growth, in the form of production volumes and product quality, and shareholder returns throughout the commodity cycle, as established through our track record since listing. Today's announcement marks an important milestone in the group's development and provides further clarity and disclosure on our capital allocation strategy," says Chief Executive Jim North.
Current stock price: 294.19 pence, down 1.0%
Year-to-date change: up 4.1%
By Evelina Grecenko; [email protected]
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