Anglo Platinum Declares Additional Dividend of $856 Million (1)

Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($856 million) as it prepares for an exit by parent Anglo American Plc later this year.

The extra payout brings the total dividend for 2024 to 71.75 rand a share, Johannesburg-listed Amplats said in a statement on Monday. “This is the most efficient method of realigning the capital structure ahead of the demerger and is supported by our net cash position at year end,” the company said.

Anglo Americanannounced plans to exit its controlling stake in Amplats last May. It’s part of a wider restructuring program ...