Red Hill Minerals (ASX:RHI) declared a special dividend of AU$1.50 per ordinary share, fully franked at 25%, according to a Wednesday filing with the Australian bourse.
The dividend will be paid on July 19 to shareholders of record as of July 10, the filing said. It will be sourced from the second of two AU$200 million payments received from Mineral Resources (ASX:MIN) following the sale of Red Hill's 40% interest in the iron ore joint venture.
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