Aurubis AG cuts dividend by 9.1%

German copper producer Aurubis will lower its annual dividend from €1.10 to €1 per share.

Net profit halved for the fiscal fourth quarter due to continued weakness in copper scrap markets, according to the German company.

Aurubis now proposes a dividend of €1 for fiscal 2014 versus €1,10 for 2013. The indicated dividend yield for Aurubis is 2.2%. The ex dividend date is March 20th 2015.

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