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Same old debt and dividend story at Evraz

Cut on 2019's midyear payout but steel producer keeps shareholders onside with 20c dividend
Same old debt and dividend story at Evraz

Evraz (EVR) has cut its dividend after a poor half – its shareholders now getting a measly 15 per cent yield. The coal and iron ore miner and steel producer saw its cash profits (Ebitda) fall 28 per cent on last year as “restrictive measures imposed by the governments of various countries” hit industrial demand around the world. 

IC TIP: Sell at 314p

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