In line with the Anglo American Group's established dividend policy to pay out 40% of underlying earnings, the Board has proposed a dividend of $0.47 per share, bringing the total dividends paid and proposed in respect of 2019 to $1.09 per share (2018: $1.00 per share).
Other financial highlights include:
• Generated underlying EBITDA of $10.0 billion, a 9% increase, and $2.3 billion of attributable free cash flow
• Delivered profit attributable to equity shareholders of $3.5 billion, in line with prior year
• Net debt increased to $4.6 billion, equal to <0.5x underlying EBITDA, due to investment in growth opportunities
• Previously announced share buyback of up to $1 billion: $0.8 billion completed by year end