www.investegate.co.uk/article.aspx?id=2 ... 8931J&fe=1
Divestment of SA coal here:
www.investegate.co.uk/article.aspx?id=2 ... 8930J&fe=1
Dividend details;
www.investegate.co.uk/article.aspx?id=2 ... 8932J&fe=1
South32 Limited (ASX, JSE, LSE: S32; ADR: SOUHY) (South32) announced that the Board has resolved to pay a final dividend of US 2.8 cents per share (fully franked) for the full year ended
30 June 2019.
The record date for determining the entitlement to dividend is 13 September 2019; payment date is
10 October 2019.
So that is a significant dividend cut. Last year they paid 4.3+6.2c and a special of 3.0c; this year they have paid/will pay 5.1+2.8c and a special of 1.7c. So even disregarding the specials that's a 25% cut. However they are increasing the share buy back by $250m.