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Mount Gibson raises dividend for FY'18, reinstates dividend reinvestment plan

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Mount Gibson raises dividend for FY'18, reinstates dividend reinvestment plan

Mount Gibson Iron Ltd. said Aug. 15 that it reinstated its dividend reinvestment plan it had suspended in February 2013, and it declared a final dividend of 3 Australian cents per share for the financial year 2017/2018.

The total dividend is A$33 million, compared to A$21.9 million a year earlier when the company paid 2 cents per share.