Nexa Resources Adopts a New Dividend Policy
Nexa Resources (NYSE: NEXA) has announced a new dividend policy effective January 1, 2025. The policy targets an annual dividend distribution of up to 20% of free cash flow pre-events, with a minimum payment of US$0.08 per common share. The dividend amount will be determined based on multiple factors, including cash balance, free cash flow, earnings, leverage ratio, capital investments, future cash flow projections, market volatility, and strategic planning.
The policy applies to distributions related to fiscal year 2024 onwards and defines free cash flow pre-events as cash flow before accounting for significant, non-recurring, or extraordinary events such as debt amortization, new funding, dividend payments, and other extraordinary outflows.
Nexa Resources (NYSE: NEXA) ha annunciato una nuova politica di dividendi che entrerà in vigore il 1° gennaio 2025. La politica prevede una distribuzione annuale di dividendi fino al 20% dei flussi di cassa liberi pre-evento, con un pagamento minimo di US$0,08 per azione ordinaria. L'importo del dividendo sarà determinato sulla base di molteplici fattori, tra cui il saldo di cassa, i flussi di cassa liberi, gli utili, il rapporto di indebitamento, gli investimenti di capitale, le proiezioni future dei flussi di cassa, la volatilità del mercato e la pianificazione strategica.
Questa politica si applica alle distribuzioni relative all'anno fiscale 2024 e definisce i flussi di cassa liberi pre-evento come flussi di cassa prima di considerare eventi significativi, non ricorrenti o straordinari come l'ammortamento del debito, nuovi finanziamenti, pagamenti di dividendi e altre uscite straordinarie.
Nexa Resources (NYSE: NEXA) ha anunciado una nueva política de dividendos que entrará en vigencia el 1 de enero de 2025. La política tiene como objetivo una distribución anual de dividendos de hasta 20% del flujo de efectivo libre previo a eventos, con un pago mínimo de US$0.08 por acción ordinaria. El monto del dividendo se determinará en función de múltiples factores, incluyendo el saldo de efectivo, el flujo de efectivo libre, las ganancias, el ratio de apalancamiento, las inversiones de capital, las proyecciones futuras del flujo de efectivo, la volatilidad del mercado y la planificación estratégica.
La política se aplica a las distribuciones relacionadas con el año fiscal 2024 en adelante y define el flujo de efectivo libre previo a eventos como el flujo de efectivo antes de considerar eventos significativos, no recurrentes o extraordinarios, como la amortización de deudas, nuevos financiamientos, pagos de dividendos y otras salidas extraordinarias.
Nexa Resources (NYSE: NEXA)는 2025년 1월 1일부터 시행되는 새로운 배당 정책을 발표했습니다. 이 정책은 사건 전 자유 현금 흐름의 최대 20%에 해당하는 연간 배당금 배포를 목표로 하며, 최소 지급액은 주당 0.08달러입니다. 배당금의 금액은 현금 잔고, 자유 현금 흐름, 수익, 레버리지 비율, 자본 투자, 미래 현금 흐름 예측, 시장 변동성, 전략적 계획 등 여러 요인에 따라 결정됩니다.
이 정책은 2024 회계연도부터 관련 배급에 적용되며, 사건 전의 자유 현금 흐름은 부채 상환, 신규 자금 조달, 배당금 지급 및 기타 비상 출금을 포함한 중대한 비정기적 또는 비범한 사건을 고려하기 전의 현금 흐름으로 정의됩니다.
Nexa Resources (NYSE: NEXA) a annoncé une nouvelle politique de dividende qui prendra effet le 1er janvier 2025. Cette politique vise une distribution annuelle de dividendes allant jusqu'à 20 % du flux de trésorerie libre avant événements, avec un paiement minimum de 0,08 USD par action ordinaire. Le montant du dividende sera déterminé sur la base de plusieurs facteurs, notamment le solde de trésorerie, le flux de trésorerie libre, les bénéfices, le ratio d'endettement, les investissements en capital, les prévisions de flux de trésorerie futures, la volatilité du marché et la planification stratégique.
Cette politique s'applique aux distributions liées à l'exercice fiscal 2024 et définit le flux de trésorerie libre avant événements comme le flux de trésorerie avant la prise en compte d'événements significatifs, non récurrents ou extraordinaires tels que l'amortissement de la dette, le nouveau financement, les paiements de dividendes et d'autres sorties extraordinaires.
Nexa Resources (NYSE: NEXA) hat eine neue Dividendenpolitik angekündigt, die am 1. Januar 2025 in Kraft tritt. Die Politik zielt auf eine jährliche Dividendenverteilung von bis zu 20% des freien Cashflows vor Ereignissen, mit einer Mindestzahlung von 0,08 USD pro Stammaktie. Die Höhe der Dividende wird anhand mehrerer Faktoren bestimmt, darunter der Kassenstand, der freie Cashflow, die Gewinne, das Verschuldungsverhältnis, die Kapitalinvestitionen, zukünftige Cashflow-Prognosen, Marktschwankungen und strategische Planung.
Die Politik gilt für Ausschüttungen, die das Geschäftsjahr 2024 und danach betreffen, und definiert den freien Cashflow vor Ereignissen als Cashflow, bevor wesentliche, nicht wiederkehrende oder außergewöhnliche Ereignisse wie Schuldenamortisation, neue Finanzierung, Dividendenzahlungen und andere außergewöhnliche Abflüsse berücksichtigt werden.
- Establishment of minimum dividend payment of US$0.08 per share
- Clear commitment to shareholder returns with up to 20% of free cash flow distribution
- Implementation of structured dividend framework enhancing predictability for investors
- Dividend payments subject to multiple conditions and company performance metrics
- Policy allows for significant retention of free cash flow (up to 80%)
Luxembourg, Luxembourg--(Newsfile Corp. - January 15, 2025) - Nexa Resources S.A. (NYSE: NEXA) ("Nexa Resources", "Nexa" or the "Company") announces today the adoption of a new dividend policy (the "Policy"), effective January 1, 2025.
Nexa aims to distribute annual dividends, subject to the availability of distributable amounts as per Luxembourg law. The annual dividend amount will be determined based on several factors, including: (i) Nexa's cash balance; (ii) free cash flow and earnings generated during the year; (iii) Company's leverage, measured by the Net Debt to Adjusted EBITDA ratio; (iv) capital investment programs and other capital allocation decisions; (v) expected future cash flows from operations; (vi) market volatility; and (vii) strategic planning considerations.
Under the new Policy, and in line with these factors, Nexa targets an annual dividend of up to
This Policy applies to distributions related to the fiscal year 2024 onwards, until further reassessment.
Nexa believes that increasing long-term corporate value and delivering consistent dividends are essential to rewarding its shareholders.
To download the new dividend policy, please click here.
About Nexa
Nexa is a large-scale, low-cost integrated zinc producer with over 65 years of experience developing and operating mining and smelting assets in Latin America. Nexa currently owns and operates five long-life mines, three of which are located in the central Andes region of Peru, and two of which are located in Brazil (one in the state of Minas Gerais and one in the state of Mato Grosso). Nexa also currently owns and operates three smelters, two of which are located in the state of Minas Gerais in Brazil, and one of which is Cajamarquilla, located in Lima, which is the largest smelter in the Americas.
Nexa was among the top five producers of mined zinc globally in 2024 and one of the top five metallic zinc producers worldwide in 2024, according to Wood Mackenzie.
Cautionary Statement on Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to in this news release as "forward-looking statements"). Forward-looking statements contained in this news release may include, but are not limited to, zinc and other metal prices and exchange rate assumptions, projected operating and capital costs, metal or mineral recoveries, head grades, mine life, production rates, and returns; the Company's potential plans; the estimation of the tonnage, grade and content of deposits and the extent of mineral resource and mineral reserve estimates; timing of commencement of production; exploration potential and results; the timing and receipt of necessary permits for future operations; and the impacts of COVID-19 on our operations.
These statements are based on information currently available to the Company and the Company provides no assurance that actual results and future performance and achievements will meet or not differ from the expectations of management or qualified persons. All statements other than statements of historical fact are forward-looking statements. The words "believe," "will," "may," "may have," "would," "estimate," "continues," "anticipates," "intends," "plans," "expects," "budget," "scheduled," "forecasts" and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not guarantees and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments may be substantially different from the expectations described in the forward-looking statements for a number of reasons, many of which are not under our control, among them, the activities of our competition, the future global economic situation, weather conditions, market prices and conditions, exchange rates, and operational and financial risks. The unexpected occurrence of one or more of the abovementioned events may significantly change the results of our operations on which we have based our estimates and forward-looking statements. Our estimates and forward-looking statements may also be influenced by, among others, legal, political, environmental, or other risks that could materially affect the potential development of the Project, including risks related to outbreaks of contagious diseases or health crises impacting overall economic activity regionally or globally, as well as risks relating to ongoing or future investigations by local authorities with respect to our business and operations and the conduct of our customers, including the impact to our financial statements regarding the resolution of any such matters.
These forward-looking statements related to future events or future performance and include current estimates, predictions, forecasts, beliefs and statements as to management's expectations with respect to, but not limited to, the business and operations of the Company and mining production, our growth strategy, the impact of applicable laws and regulations, future zinc and other metal prices, smelting sales, capex, expenses related to exploration and project evaluation, estimation of Mineral Reserves and/or Mineral Resources, mine life and our financial liquidity.
Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable and appropriate by management and qualified persons considering their experience are inherently subject to significant uncertainties and contingencies and may prove to be incorrect. Statements concerning future production costs or volumes are based on numerous assumptions of management regarding operating matters and on assumptions that demand for products develops as anticipated, that customers and other counterparties perform their contractual obligations, full integration of mining and smelting operations, that operating and capital plans will not be disrupted by issues such as mechanical failure, unavailability of parts and supplies, labor disturbances, interruption in transportation or utilities, adverse weather conditions, and that there are no material unanticipated variations in metal prices, exchange rates, or the cost of energy, supplies or transportation, among other assumptions.
Estimates and forward-looking statements refer only to the date when they were made, and we do not undertake any obligation to update or revise any estimate or forward-looking statement due to new information, future events or otherwise, except as required by law. Estimates and forward-looking statements involve risks and uncertainties and do not guarantee future performance, as actual results or developments may be substantially different from the expectations described in the forward-looking statements. Further information concerning risks and uncertainties associated with these forward-looking statements and our business can be found in our public disclosures filed under our profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).
For further information, please contact:
Investor Relations Team
ir@nexaresources.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237339
FAQ
What is NEXA's new minimum dividend payment per share under the 2025 policy?
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