Kumba pays 75%-of-earnings dividend, creates R13bn in shared value

Iron-ore mining and marketing company Kumba Iron Ore on Tuesday declared an interim cash dividend of R19.60 per share, representing a payout ratio of 75% of headline earnings. Kumba CEO Themba Mkhwanazi said the company adapted its business quickly and comprehensively to meet the human, operational and market challenges of the likely enduring reality of the Covid-19 pandemic.