Shareholders get R5.4bn in dividends as Exxaro aims to increase coal exports
Group says special dividend still subject to Reserve Bank approval
14 March 2024 - 10:04
The board of Exxaro, SA’s largest coal miner has decided to reward shareholders with a R5.4bn windfall, owing to its “robust” balance sheet. The payout comprises a final dividend of R10.10 per share as well as a special dividend of R5.72.
CEO Nombasa Tsengwa said on Thursday Exxaro was able to maintain stakeholder returns, a robust balance sheet and strong cash flows despite the challenging environment of low coal prices and logistics challenges...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.