STO 0.45% $6.72 santos limited

News: STO Santos Ltd Says Board Has Approved A New Dividend Policy

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    June 28 (Reuters) - Santos Ltd (STO) :

    • BOARD HAS APPROVED A NEW DIVIDEND POLICY
    • SANTOS IS ON TRACK TO ACHIEVE ITS NET DEBT REDUCTION TARGET IN SECOND HALF OF 2018
    • WILL LOOK TO PAY ORDINARY DIVIDENDS , TARGET A RANGE OF 10% TO 30% PAYOUT OF FREE CASH FLOW GENERATED PER ANNUM
    • BOARD WILL ALSO CONSIDER ADDITIONAL RETURNS TO SHAREHOLDERS ABOVE ORDINARY DIVIDEND WHEN BUSINESS CONDITIONS PERMIT
 
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