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MT ArcelorMittal

24.00
0.46 (1.95%)
Last Updated: 12:40:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
ArcelorMittal EU:MT Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.46 1.95% 24.00 24.00 24.01 24.07 23.81 23.81 698,090 12:40:11

ArcelorMittal Details $570 Million Share Buyback, Resumes Dividend

11/02/2021 8:37am

Dow Jones News


ArcelorMittal (EU:MT)
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By Sarah Sloat

 

ArcelorMittal on Thursday provided details on its share buyback plans and said it would resume paying a dividend.

The Luxembourg-based steel-and-mining company plans a share buyback of $570 million this year, it said. That comes in addition to the $650 million buyback in connection with its partial sale of a stake in Cleveland-Cliffs, which had already been announced and will begin Feb. 15.

The company also plans to pay a $0.30 dividend after suspending payouts last year.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

(END) Dow Jones Newswires

February 11, 2021 03:22 ET (08:22 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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