S32 finals

[daveh]

Posted on the Company new s board here:
viewtopic.php?f=94&t=18135&p=435862#p435862

Nice increase in the dividend:
https://www.investegate.co.uk/south32-l ... 01091507J/

South32 Limited (ASX, LSE, JSE: S32; ADR: SOUHY) (South32) announced that the Board has resolved to pay a final dividend of US 3.5 cents per share (fully franked) for the full year ended 30 June 2021 and a special dividend of US 2.0 cents per share (fully franked).

The record date for determining entitlements to dividends is 10 September 2021; payment date is 7 October 2021.


South32 UK Depository Interest holders will be paid dividends in Pound sterling (GBP) and South32 shareholders who hold shares on the South African Branch Register will be paid dividends in South African rand (ZAR).

[tjh290633]

I make the yield with the special now 3.30%, above the FTSE100's 3.14% and well above the FTSE250's 1.77%.

Naturally the price fell.

TJH

[daveh]

I make the yield with the special now 3.30%, above the FTSE100's 3.14% and well above the FTSE250's 1.77%.

Naturally the price fell.

TJH

The market might not like that they made a massive loss due to writedowns of some of the coal assets, though actual cash flow was up and the net cash position was up. Also the dividend is still a lot less than they paid in 2018 and 2019.

[funduffer]

Yes, I sold out of S32 after they cut the dividend, and switched to the much higher yielding RIO, also holding BHP.

No regrets so far!