AMG Critical Materials N.V. (AMG) has announced an increase in its interim dividend, declaring a payout of €0.40 per ordinary share. This marks a rise from the previous year’s interim dividend of €0.30 per ordinary share. The dividend will be payable on August 9, 2023, to shareholders of record as of August 1, 2023, with the ex-dividend date set for July 31, 2023. However, Dutch withholding tax of 15% will be deducted from the dividend.
AMG’s focus is on providing critical materials and related process technologies to contribute to a less carbon-intensive world. The company is primarily involved in the production and development of energy storage materials, such as lithium, vanadium, and tantalum. Additionally, AMG offers highly engineered systems to reduce CO2 emissions in aerospace engines and critical materials for CO2 reduction in various other industries.
AMG operates in three key segments: Clean Energy Materials, Critical Materials Technologies, and Critical Minerals. The Clean Energy Materials segment combines the company’s recycling and mining operations to produce materials for infrastructure and energy storage solutions, while also reducing suppliers’ and customers’ carbon footprints. The segment spans the vanadium, lithium, and tantalum value chains. The Critical Materials Technologies segment combines AMG’s leading vacuum furnace technology with high-purity materials, serving global leaders in the aerospace sector. Lastly, the Critical Minerals segment encompasses AMG’s mineral processing operations in antimony, graphite, and silicon metal.
With a global presence and approximately 3,600 employees, AMG has production facilities in multiple countries, including Germany, the United Kingdom, the United States, China, and Brazil. The company also has sales and customer service offices in Japan.
It is essential to note that forward-looking statements have been made in this press release. These statements involve inherent risks and uncertainties, and there is no guarantee that the predictions, projections, or other forward-looking statements will be achieved. AMG disclaims any obligation to update or revise these statements in the future.
In conclusion, AMG Critical Materials has declared an increased interim dividend of €0.40 per ordinary share, reflecting the company’s commitment to its shareholders. With its focus on providing critical materials for a more sustainable future, AMG continues to play a vital role in advancing a less carbon-intensive world.
