Cement and building products group Boral has outlined details of its $3 billion return of capital to shareholders after a string of asset sales that delivered $4 billion, as the group narrows its focus back to its Australian operations.

The company, which is controlled by billionaire Kerry Stokes and his family through Seven Group Holdings, said a cash distribution of $2.72 per share to shareholders would be made up of a $2.65 capital reduction, and a 7¢ per share unfranked dividend. It will be paid on February 14. The Stokes entity will be paid $2.08 billion because of its 69.6 per cent stake in Boral.