INVESTORS & MEDIA
Dividends
Dividends since 2005
We maintain a flexible dividend policy where the Board of Directors regularly reviews our cash flows and capital requirements. We want to ensure that we maintain an appropriate level of dividend cover and a balance sheet that can deliver our future growth plans. We generally pay interim and final dividends in approximate proportions of one-third and two-thirds of the total annual dividend respectively.
The Directors recommend a final dividend for 2011 of 20.0 US cents per share, which together with the interim ordinary dividend of 8.0 US cents per share, gives a total full year ordinary dividend of 28.0 US cents per share (2010: 22.0 US cents per share), based on the earnings for 2011.
Subject to shareholder approval at the Annual General Meeting on 11 May 2012, the final dividend shall be paid on Tuesday 15 May 2012 to ordinary shareholders on the register as at Friday 20 April 2012. The ex-dividend date is Wednesday 18 April.
Kazakhmys has declared and paid the following dividends since 2005:
Declared and Paid |
USc/
|
|
($m) |
|
2005 |
|
|
Full year dividend paid in May 2006 in respect of 2005 earnings ($171m) |
36.0 |
2006 |
|
|
Interim dividend paid in October 2006 in respect of 2006 earnings ($60m) |
12.8 |
|
Final dividend paid in May 2007 in respect of 2006 earnings ($120m) |
25.7 |
2007 |
|
|
Interim dividend paid in October 2007 in respect of 2007 earnings ($64m) |
13.6 |
|
Special dividend paid in October 2007 ($235m) |
50.0 |
2008 |
|
|
Final dividend paid in May 2008 in respect of 2007 earnings ($125m) |
27.4 |
|
Interim dividend paid in October 2008 in respect of 2008 earnings ($75m) |
14.0 |
2009 |
|
|
Final dividend paid in May 2010 in respect of 2009 earnings ($48m) |
9.0 |
2010 |
|
| Interim dividend paid in October 2010 in respect 2010 earnings ($32m) | 6.0 |
| Final dividend paid in May 2011 in respect of 2010 earnings ($86m) | 16.0 |
2011 |
|
| Interim dividend paid in October 2011 in respect of 2011 earnings ($43m) | 8.0 |
| Final dividend to be paid in May 2012 in respect of 2011 earnings ($106m) | 20.0 |