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Provider: Thomson Reuters Stock Report
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Provider: Thomson Reuters Stock Report
$25.00

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Sylvania Platinum Ltd Announces New Dividend Policy


Monday, 21 Jan 2013 02:31am EST 

Sylvania Platinum Ltd announced its new dividend policy, which has been agreed by the Company's Board and will be applied from H2 2013 onwards. The Company currently has a positive cash balance, with longer dated projects on hold pending an improvement in PGM prices. This reduced planned capital expenditure enables the Company to forecast healthy positive free cash flows. Subject to the resultant Company cash balance following the payment of any dividend being greater than $8 million, the Board of the Company will recommend paying a minimum of 25% of the previous half year earnings as a cash dividend. Dividends will be paid semi-annually with the first payment targeted for December 2013, and payments thereafter every June and December. 

Latest Developments for Sylvania Platinum Ltd

Company Quote

8.875
0.0 +0.00%
19 Sep 2014