The best companies to invest in are those which can manage themselves not only to achieve an appreciating share price but also pay their shareholders a reasonable dividend. So far as I am concerned, that view applies to miners as much as any other industry.
EVN’s policy is to pay its shareholders about 50% of group cash flow by way of dividends. I like that policy. On my calculations, that should equate to a final dividend of about 7 cents per share.
There are many reasons to be confident that the price of gold is likely to continue to increase significantly over time. Well managed miners like EVN and NST are set to become cash generating machines. Their share prices will reflect that fact once the broader market catches on.
The best companies to invest in are those which can manage...
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Last
$4.21 |
Change
0.110(2.68%) |
Mkt cap ! $8.372B | |||
| Open | High | Low | Value | Volume |
| $4.19 | $4.24 | $4.17 | $43.08M | 10.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 21233 | $4.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.23 | 52943 | 5 |
View Market Depth
| Last trade - 16.10pm 19/08/2024 (20 minute delay) ? |
| EVN (ASX) Chart |