Dividends?

  1. 491 Posts.
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    Interesting information from an online report (won't let me post where)

    One ASX lithium share to watch for future dividendsLast, but not least, is an ASX lithium share that currently does not pay dividends but might in the future.Allkem Ltd (ASX: AKE) is the combination of two lithium heavyweights, Orocobre and Galaxy Resources. Today, they operate under one umbrella. In its December quarterly activities report, the company revealed 230,065 dry metric tonnes of spodumene concentrate production in 2021.In talking with The Australian Financial Review, Allkem boss Martin Perez de Solay explained the complexity of dividend payments. Because the chemical company is situated in Argentina, it cannot distribute a dividend without Argentina’s approval.However, Perez de Solay noted that the government has now stipulated up to 20% of proceeds can be kept offshore for future dividends payments. While a dividend isn’t guaranteed, this opens the door to Allkem becoming another dividend-paying ASX lithium share.
    Last edited by Nanday: 14/04/23
 
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