Anglo American Platinum Likely to Stick to Dividend Policy -- Market Talk

Dow Jones02-16

1012 GMT - Anglo American Platinum is likely to stick to its base dividend policy given lower basket price in South African rand is hurting cash flows, Citi analysts write in a research note. Since the South African platinum miner's earnings are expected to be broadly in line with the pre-released figures, investors will likely look for details on how the lower operating cost guidance for 2024 will be achieved, the analysts say. The miner will release full-year results on Monday Feb. 19. Shares are up 2.5% at ZAR742.69. (christian.moess@wsj.com)

(END) Dow Jones Newswires

February 16, 2024 05:13 ET (10:13 GMT)

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