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Added 2 years ago

1 February 2022 Boral to return $3 billion to shareholders

Boral Limited (ASX: BLD) today announced a $3 billion return of surplus capital to shareholders.

The cash distribution of $2.72 per share will be in the form of a $2.65 per share equal capital reduction, totaling $2,923 million and an unfranked dividend of 7 cents per share, totaling $77 million.

At the 2021 Annual General Meeting on 28 October 2021 shareholders voted in favour of reducing Boral’s share capital by up to $3 billion by way of an equal capital reduction.