Anglo American (LSE:AAL) recommended a final dividend of $0.16 per share, bringing total cash dividends for the year to $0.23 per share (about $0.2bn), as disclosed at its AGM today.
The board said the payout sits within its 40% of underlying earnings payout policy and was supported by a stable 2025 operating performance, portfolio optimisation and stronger cash conversion driven by $6.9bn combined EBITDA at a 44% margin, delivery of a $1.8bn cost‑savings run‑rate and proceeds from disposals, Anglo American being a global mining company focused on copper, premium iron ore and crop nutrients.
"Shortly following the completion of our merger with Teck, we will be paying out a $4.5 billion special dividend to Anglo American's shareholders," Stuart Chambers said at the AGM.
Management reiterated that the merger to create Anglo Teck is progressing through regulatory approvals and could complete later this year or early next, after which the special dividend will be paid, and noted that the company will publish its final results to the exchanges later this afternoon.
