Tharisa boost dividend and future payouts

Tharisa plans to increase its dividend for fiscal 2017 to 5¢ per share, up from 1¢ in fiscal 2016 due to increased earnings from the sale of chrome concentrates. the miner also said its dividend policy for  fiscal 2018 will be changed to provide for a payout of at least 15% of consolidated net profit after tax, an increase from the previous stated dividend policy of at least 10% of consolidated net profit after tax. The company also intends to introduce the payment of an interim dividend.

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