South32 Limited Board has resolved to pay a fully-franked final ordinary dividend of US 3.1 cents per share (US$140M) in respect of H2 FY24, representing 41% of Underlying earnings.
In February 2024, they took the decision to cancel their on-market share buy-back to manage their financial position and ensure they retained the right balance of flexibility, efficiency and prudence. Reflecting the Group's strengthened financial position and their disciplined approach to capital management, the Board has resolved to allocate US$200M to their ongoing capital management program, to be returned to shareholders via an on-market share buy-back, commencing from completion of the sale of Illawarra Metallurgical Coal. This will take returns under their capital management program to US$2.5B, with the US$200M increase in the program to be returned by 12 September 2025.
