Ferrexpo PLC (LSE:FXPO) has proposed a final dividend of US$0.066 per share for 2021, citing continued demand for its product and the group's strong and resilient performance following Russia's invasion of Ukraine
The FTSE 250 company is the world's third-largest exporter of high-grade iron ore pellets to the global steel industry, with operations in central Ukraine that have largely been able to continue, in spite of the invasion.
The company has also set up a Humanitarian fund to aid victims of the crisis.
"The proposed final dividend reflects the board's confidence in the group, the current situation in Ukraine, and Ferrexpo's ability to continue to operate while supporting the Ukrainian economy, through providing employment, generating revenues for the government of Ukraine and supporting communities through the Ferrexpo Humanitarian Fund," it said in a statement.
It paid a final dividend of US$0.132 for 2020.
If approved by shareholders at the annual general meeting on June 15, total dividends paid in respect of 2021 will be US$0.528 per share, down from the US$0.858 paid in the previous year.
The final dividend payment would be made on July 4 to those shareholders on the register at the close of business on June 17. Dividends will be paid in UK pounds sterling, with an election to receive them in US dollars.