Yancoal withholds dividends to hoard cash for M&A spree
Peter KerResources reporter
Yancoal directors have signalled they are serious about buying Anglo American’s Queensland coal mines by deciding to hoard the company’s $420 million interim profit rather than pay dividends.
Yancoal’s solid first-half profit bolstered the company’s cash balance to $1.55 billion with no debt, but it will not be sharing any of those spoils with shareholders in the near future.
Loading...
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles