Sasol (SSL) shares were up premarket Tuesday after the company said its board approved a revision to its dividend policy, lowering the net debt trigger for dividend payouts to below $3 billion from below $4 billion, excluding leases.
The company said the change reflects a more cautious approach in light of macroeconomic volatility and reinforces its focus on maintaining a strong balance sheet and sustainable shareholder returns.
All other aspects of the dividend policy remain unchanged, it said.
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