JSE-listed Kumba Iron Ore has declared a dividend of R30.70 a share for the six months ended June 30, which adds up to R9.9-billion in shareholder returns. CEO Themba Mkhwanazi on Tuesday said the payout represents a ratio of 98% of headline earnings per share (HEPS), above the company’s base dividend target range of between 50% and 75% of HEPS.
