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Glencore brings back dividend on earnings strength

At Ivan Glasenberg's last annual result announcement, he brings back the payout and tells new boss to get ready to have him as a major shareholder
Glencore brings back dividend on earnings strength
  • The 12¢ dividend is below last year's plan to pay 20¢ but management said a "top-up" could be paid alongside its interim results
  • Earnings from mining division flat in 2020 but trading division sees cash profits soar

The end of the Ivan Glasenberg era has come with a return to dividends for Glencore (GLEN) shareholders. Glasenberg, who has run the mining and trading giant for almost two decades, confirmed that he would soon just be a major shareholder. 

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