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ArcelorMittal: Investors Might Have to Wait for Hefty Dividends

Mark O'Hara
ArcelorMittal: Investors Might Have to Wait for Hefty Dividends

During the 4Q17 earnings call, ArcelorMittal (MT) announced its plan to restore the annual dividend program that was suspended in 2015. The company has reinstated its annual dividend at $0.10 per share from this year. Meanwhile, ArcelorMittal intends to pay dividends as a percentage of its free cash flows once its net debt falls below $6 billion. As of March 31, ArcelorMittal had a net debt of $11.1 billion. The company’s net debt rose almost $1 billion from the sequential quarter amid working capital buildup, a share buyback, and the forex impact in the quarter.