Ferrexpo has total dividends declared for the 2019 financial year that amount to 13.2 US cents per share (2018: 23.1 US cents per share). The Board is committed to dividends and intends to consider a potential final ordinary and/or special dividend for the 2019 financial year once the general market situation and the effect of the COVID-19 virus has become clearer. Overall, in 2019 the Group paid out dividends of US$155 million, a 60% increase compared to 2018 (US$97 million), and has paid US$40 million so far in 2020.
Other financial highlights include:
Revenue up 18% to US$1.5 billion due to higher iron ore fines prices and an increase in sales volumes
Underlying EBITDA up 17% to US$586 million (2018: US$503 million)
62% increase in net cash flows from operations to US$473 million (2018: US$292 million)
Net debt to underlying EBITDA reduced to 0.48 times
Capital investment increased 83% to US$247 million (2018: US$:135 million)