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An announcement from Afarak Group Plc ( (GB:AFRK) ) is now available.
Afarak Group SE has announced a new dividend policy that aims to provide an attractive and consistent return on investment for shareholders. The policy includes distributing funds surplus to the company’s operational and developmental needs and targets a minimum payout of 10% of the company’s EBITDA annually. This move is linked to an upcoming Extraordinary General Meeting focused on restructuring the company’s capital to allow for more efficient use of funds.
More about Afarak Group Plc
Afarak Group is a specialist alloy producer with a focus on sustainable growth. It operates a Speciality Alloys business in southern Europe and a FerroAlloys business in South Africa. The company is listed on NASDAQ Helsinki and the Main Market of the London Stock Exchange.
YTD Price Performance: 0%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £54.96M
See more data about AFRK stock on TipRanks’ Stock Analysis page.
