The ASX 200 (INDEXASX: XJO)(^AXJO) is expected to open higher today, the USA’s S&P 500 Index
(.INX) went down by 0.23% on Wednesday.
Australian Dollar ($A) (AUDUSD): 71.79US cents
Dow Jones (DJI): down 0.01%
Oil (WTI): $US63.71 per barrel
Gold: $US1,274 per ounce
ASX Sharemarket News
In ASX sharemarket news, packaging giant Amcor Limited (ASX: AMC), which is currently going through a merger process with Bemis in the US, has announced a dividend to the market this morning.
The Amcor Board has announced a pro-rata FY19 final dividend of US$0.12 per share for the March 2019 quarter. ‘New Amcor’ will pay its first quarterly dividend for the June 2019 quarter.
The dividend will be unfranked and in Australian dollar terms it will be 16.8 cents per share.
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Galaxy Resources Limited (ASX: GXY) is also in the news this morning. It provided an update for Sal De Vida and gave its quarterly report.
Galaxy has not yet been able to agree a transaction that it thinks provides an appropriate valuation that properly reflects the “world class nature” of the Sal de Vida asset, particularly due to the POSCO transaction.
In terms of its March 2019 quarterly update, its Mt Cattlin operations produced 41,874 dry metric tonnes (dmt) of spodumene concentrate. In March alone it produced 17,021 dmt. The average cash cost was US$453 per dmt produced.
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National Australia Bank Ltd
(ASX: NAB) has announced the latest round of costs from the Royal Commission.
The bank has reported an additional $749 million ($525 million after tax) of charges related to customer remediation. This is expected to reduce the first half of FY19’s cash profit by $325 million and discontinued operations will be cut by $200 million.
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