SBM 2.00% 25.5¢ st barbara limited

With the price of gold smashing through AUD$1,710 an ounce in...

  1. 2,125 Posts.
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    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 !
 
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25.5¢
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Mkt cap ! $210.7M
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25.0¢ 26.0¢ 24.5¢ $655.6K 2.604M

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7 664288 25.0¢
 

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26.0¢ 1116705 16
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