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Anglo Platinum Declares Additional Dividend of $856 Million


Anglo Platinum Declares Additional Dividend of $856 Million

(Bloomberg) -- Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($856 million) ahead of an exit by parent Anglo American Plc.

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The extra payout brings the total dividend for 2024 to 71.75 rand a share, Johannesburg-listed Amplats said in a statement on Monday.

Anglo American announced plans to exit its controlling stake in Johannesburg-listed Amplats last May. It's part of a wider restructuring program that was unveiled in response to an unsolicited $49 billion takeover proposal by BHP Group. Anglo has since sold part of its stake in Amplats to increase the South African unit's free float ahead of a full exit.

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