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 !
With the price of gold smashing through AUD$1,710 an ounce in...
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Last
47.0¢ |
Change
0.010(2.17%) |
Mkt cap ! $509.3M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 48.3¢ | 46.0¢ | $3.014M | 6.377M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 102955 | 8 |
View Market Depth
| Last trade - 16.10pm 18/09/2025 (20 minute delay) ? |
| SBM (ASX) Chart |