Glencore to return $4 billion to shareholders after record 2021 results
Glencore PLC said Tuesday that it will return $4.0 billion to shareholders after reporting record 2021 earnings on the back of higher commodity prices.
The Anglo-Swiss commodity mining and trading major declared a base distribution of $3.4 billion, or $0.26 a share, in respect of 2021 cash flows, and a $550 million share-buyback program. Glencore reported record adjusted earnings before interest, taxes, depreciation and amortization of $21.32 billion for 2021, up from $11.56 billion in 2020 and slightly above market consensus of $21.24 billion, compiled by the company and based on 15 analysts' estimates.
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