Half Year Results 

Evraz pays out while the iron is hot

Evraz pays out while the iron is hot

Can a dividend be too large? Integrated steel manufacturer Evraz (EVR) looks set to answer that question in the coming weeks, after it footnoted its half-year numbers with a plan to return $429.6m (£331m) to shareholders on 8 September. This, from a company whose net borrowings are nearly three times the equity, whose cost of sales are up 44 per cent year on year, and whose post-tax profit reached a mere $86m for the period under review.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now