How / when will Boral BLD return of capital to investors?

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Question asked 04/02/2022

How / when will Boral BLD return of capital to investors?

Hi James & Team In Oct 2021 Boral said it will return $3b of surplus capital by way of an equal capital reduction to investors. Do you know when this is likely to happen and the amount per share. Regards Debbie

Answer

Hi Debbie,

This week Boral announced their plan for a $2.65 capital reduction plus an unfranked 7c dividend payable on the 14th of this month. The 4th February (today) the shares traded ‘ex return of capital’, hence people shouldn’t panic about the stock falling to new 15-month lows.

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Boral (BLD)

LAST UPDATED 04/02/2022 16:40

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