Not a great use of capital, in my opinion. Yeah, it may attract a few more retail shareholders to take a look now that yield is 2% - but that is far below the 5% rate (risk free!) you'll get sticking your cash in a term deposit / government bond. So why give a special dividend? Only answer is they don't know what to do with their war chest. Sudan is a bust for the next few years at least until that situation calms down. But it's still a surprise they haven't been able to find ANY other project in all of Africa that would meet their investment criteria. I really hope this isn't the best PRU can do and they just plan on sitting on all that cash for the next 12+ months because that would be a huge waste of their potential.
Ann: Dividend/Distribution - PRU, page-15
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