ArcelorMittal Details $570 Million Share Buyback, Resumes Dividend
February 11 2021 - 3:37AM
Dow Jones News
By Sarah Sloat
ArcelorMittal on Thursday provided details on its share buyback
plans and said it would resume paying a dividend.
The Luxembourg-based steel-and-mining company plans a share
buyback of $570 million this year, it said. That comes in addition
to the $650 million buyback in connection with its partial sale of
a stake in Cleveland-Cliffs, which had already been announced and
will begin Feb. 15.
The company also plans to pay a $0.30 dividend after suspending
payouts last year.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
February 11, 2021 03:22 ET (08:22 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
ArcelorMittal (EU:MT)
Historical Stock Chart
From Mar 2024 to Apr 2024
ArcelorMittal (EU:MT)
Historical Stock Chart
From Apr 2023 to Apr 2024
