Ferrexpo PLC, a producer of premium iron ore pellets, has announced an interim dividend of 3.3 US cents. The company's strong performance in the second half of 2023, attributed to production optimization and improved pricing, has led to the consideration of the dividend. Additionally, the Group has approved a salary increase and bonus payment for its workforce in Ukraine, along with continued expenditure under its humanitarian fund.
Lucio Genovese, Executive Chair, expressed satisfaction with the company's performance, stating, "We exceeded our expectations in 2023 thanks to improved demand, production optimization, and higher iron ore prices." He also highlighted the Group's commitment to supporting stakeholders in Ukraine, the Poltava region, and local communities, announcing a bonus payment and wage increase for the Ukrainian workforce, as well as continued spending under the Company's humanitarian fund for 2024.
The interim dividend will be paid on 23 February 2024 to shareholders on the register at the close of business on 26 January 2024, with an option to receive it in UK Pounds Sterling or US Dollars.
For further information, contact details for Ferrexpo and Tavistock are provided.
Ferrexpo's announcement reflects its positive performance in 2023, with a focus on rewarding its workforce and supporting stakeholders in Ukraine, alongside the declaration of an interim dividend for its shareholders.