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Anglo American
What it does: Anglo American produces a number of key commodities including copper, iron ore, steelmaking coal nickel and diamonds.
By Andrew Mackie. 2023 has been a year to forget for Anglo American (LSE: AAL) investors, of which I include myself. Capping off a miserable year was a third production downgrade in 18 months. This resulted in its share price witnessing its biggest one-day fall since the global financial crisis.
Although it has significantly underperformed its industry peers, I am not unduly perturbed. Its policy of paying out 40% of underlying earnings to shareholders, translates into a healthy 4.5% dividend yield. This has helped…
