Plunging output knocks the stuffing out of Amplats dividend
The full dividend for 2022 will be about 60% smaller than 2021’s R80bn payout
20 February 2023 - 10:40
UPDATED 20 February 2023 - 22:50
Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) cut its full-year dividend payout by R50bn after its profit for the 12 months to end-December plunged 38% as high costs and lower volumes ate into the group’s bottom line.
The miner said it will pay out R115 a share, or R30bn to shareholders, from R300, or R80bn, the previous year...
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