Polymetal International raises interim dividend 18%

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Polymetal International declared an 18% higher interim dividend for its first half of the year.

The mining group declared a dividend for the six months through June of 20c per share, up from 17c on-year.

The payout represented 50% of the group's underlying net income for the first half, in compliance with a hard ceiling of net debt to adjusted Ebitda ratio below 2.5 times.

It would bring the total dividend declared in 2019 to 51c per share, the company said.