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 !
SBM to increase dividends?
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 22.8¢ | 21.5¢ | $512.5K | 2.296M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 492803 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 548490 | 8 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |