Currently viewing Global edition

Antofagasta hands sale cash back as costs rise

Antofagasta (LSE:ANTO) has declared a final dividend of US37c per share, bringing the total dividend for 2018 to 43.8c/share, or $432 million, down 13.9% year-on-year, as lower realised copper prices and higher costs hit financials for the year.

Antofagasta hands sale cash back as costs rise Antofagasta hands sale cash back as costs rise Antofagasta hands sale cash back as costs rise Antofagasta hands sale cash back as costs rise Antofagasta hands sale cash back as costs rise

Antofagasta’s Centinela is expected to have improved grades in 2019

Antofagasta said the total dividend was above its minimum pay-out policy of 35% of underlying earnings per share and equal to a 65% pay-out ratio, down from last year's pay-out ratio of 67%.