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Summary
- Anglo American Plc announced 53% jump in dividend per share at US $0.72 for 2020.
- Evraz Plc announced interim dividend payout of US $437.1 million.
Ahead of the UK budget on 3 March, the FTSE 100 surged as fears around possible interest rate hikes subsided. The optimistic mood follows from expectations that a successful vaccination drive will help in the revival of UK’s economy without opting for tax hikes.
Much of the optimism also comes from a report by the Financial Times which said that the Budget 2021 would be projecting a quicker economic revival than was being expected earlier. As the markets reflect the optimistic mood, here are two FTSE 100 industrial metals and mining stocks that have recently announced financial results for the financial year ended 31 December 2020.
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Anglo American Plc (LON:AAL)
The company announced an underlying EBITDA of US $9.8 billion for the financial year ended 31 December 2020, against US $10.0 billion in 2019. The company’s revenue for the year increased 3 percent to US $30,902 million, against US $29,870 million in 2019.
The company announced final dividend per share at US $0.72 for 2020, a 53 per cent jump from US 0$.47 in 2019. It said that the amount was consistent with the company’s 40 per cent payout policy.
Also read: Anglo American (LON:AAL) Reports 95% Recovery in Production During H2 2020
The company also announced that it was committed to bringing down net greenhouse gas emissions to 30 per cent by 2030. It would also aim to achieve carbon neutrality in all operations by 2040.
Anglo American CEO Mark Cutifani had said that despite facing operational disruptions in the first half, the resilience of diversified business and robust metal prices in the latter months resulted in an increase of 43 per cent in mining EBITDA margin.
Evraz Plc (LON:EVR)
The company announced an interim dividend payout of US $437.1 million, which is US $0.30 per share. The company also announced a 15 per cent fall in consolidated EBITDA to US $2,212 million for the financial year ended December 2020, from US $2,601 million.
Also read: Focus on 5 FTSE Stocks with Long History of Dividend Payouts
Evraz’s net profit increased to US $858 million in 2020, against US $365 million in 2019. Its net debt reduced 2.6 per cent in 2020 to US $3,356 million from US $3,445 million in 2019. The company’s profit from operations rose 37.3 per cent to US $1,671 million in 2020, from US $1,217 million in 2019.
Evraz CEO Alexander Frolov said the company’s good operating profit number was due to the upswing witnessed in the global markets in the second half of the year. He said that in 2021, the company would aim for significant progress in its key investment projects.
