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Amplats hands more cash back to shareholders

Platinum giant Anglo American Platinum (JSE:AMS) has declared a dividend of R7.51 (US53c) per share, or R2 billion, for the second half of 2018, with the dividend pay-out ratio increased to 40% from 30% of headline earnings.

Amplats hands more cash back to shareholders Amplats hands more cash back to shareholders Amplats hands more cash back to shareholders Amplats hands more cash back to shareholders Amplats hands more cash back to shareholders

The Mogalakwena mine achieved record PGM production in 2018

This brought the total full-year dividend to R11.25/share, or R3 billion.

Amplats CEO Chris Griffith said 2018 had been a strong year operationally and financially.