SBM 2.94% 33.0¢ st barbara limited

SBM to increase dividends?

  1. 2,136 Posts.
    lightbulb Created with Sketch. 2363
    With the price of gold smashing through AUD$1,710 an ounce in the past 24 hours surely its just a matter of time before the SBM Board declare an increase to the company's dividend?

    With AUD$199 million in the bank (as at the end of September), the company being debt-free and now generating a couple of hundred million dollars a year in Net Profit, I believe the company would easily be able to accommodate an increase in the dividend - at a minimum by 50% - to 9c per share from the 6c per share declared on 23 August 2017.

    Will make for a very interesting AGM on 30 November 2017 !
 
watchlist Created with Sketch. Add SBM (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.