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Fertiglobe unveils $275m cash dividends for H1-23

Fertiglobe unveils $275m cash dividends for H1-23
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Abu Dhabi – Mubasher: Fertiglobe has announced interim cash dividends valued at $275 million for the first half (H1) of 2023, according to a press release.

The shareholders will receive a cash payment of 12 fils per share on 5 December 2023.

Ex-dividend and record dates will be 15 and 16 November 2023, respectively. This aligns with the $700 million cash dividends for H2-22 paid earlier this year.

Meanwhile, the total cash return paid to shareholders during 2023 will stand at $975 million, equivalent to 0.43 fils per share.

In the first nine months (9M) of 2023, the net profits attributable to the owners of Fertiglobe plummeted by 76% to $254.40 million from $1.07 billion in 9M-22.