On second thought, I think this merits its own thread (and headline) ...
Regis Resources (RRL)
THE banks had better watch out. The best of Australia's goldminers are closing in on them in terms of paying big dividend yields, in the case of Regis Resources at any rate.
On Macquarie figures, the announced plans by the debt-free Regis to implement a dividend payout ratio of 60 per cent of net profits means that it could pay as much 39c a share in the 2014 financial year. On yesterday's closing price of $5.35 a share, that suggests a fully franked yield of 7.3 per cent.
Apart from closing in on the banks, Regis will also be showing up the rest of the gold sector, which continues to complain about the disconnect between the 12-year bull run in gold prices and sluggish gold equity values. Bump up yields to 7 per cent plus and there would no such problem as it would make the alternative of investment in gold exchange traded gold funds all that less attractive.
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