Advertisement
UK markets open in 50 minutes
  • NIKKEI 225

    37,681.40
    -778.68 (-2.02%)
     
  • HANG SENG

    17,211.42
    +10.15 (+0.06%)
     
  • CRUDE OIL

    82.95
    +0.14 (+0.17%)
     
  • GOLD FUTURES

    2,331.50
    -6.90 (-0.30%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,494.25
    -1,924.82 (-3.60%)
     
  • CMC Crypto 200

    1,390.58
    +8.01 (+0.58%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

ArcelorMittal: Investors Might Have to Wait for Hefty Dividends

ArcelorMittal: Investors Might Have to Wait for Hefty Dividends

During the 4Q17 earnings call, ArcelorMittal (MT) announced its plan to restore the annual dividend program that was suspended in 2015. The company has reinstated its annual dividend at $0.10 per share from this year. Meanwhile, ArcelorMittal intends to pay dividends as a percentage of its free cash flows once its net debt falls below $6 billion. As of March 31, ArcelorMittal had a net debt of $11.1 billion. The company’s net debt rose almost $1 billion from the sequential quarter amid working capital buildup, a share buyback, and the forex impact in the quarter.