Jupiter Mines Ltd (ASX:JMS) has announced a final unfranked dividend of 2.5 cents per share for FY2019.
The dividend record date is May 7, 2019 and will be paid on May 21, 2019.
Jupiter chief executive officer Priyank Thapliyal said: “Jupiter continues to deliver healthy returns. The yield on distributions by Jupiter since FY2017 are unprecedented in the mining industry, with the dividend yield for FY2019 being approximately 24%.”
Thapliyal added: “Over the last three years, A$300 million has been paid out to shareholders, equating to approximately 50% of Jupiter’s market capitalisation.
“This is very compelling considering Tshipi’s 100 year mine life”.
It is worth noting that since listing, Jupiter has far exceeded its stated 70% payout dividend policy.
Given the quality of its Tshipi managanese mine in South Africa, as demonstrated below, Jupiter aims to be a high dividend paying company throughout the cycle:
• One of the largest manganese exporters globally;
• One of the lowest cost manganese mines;
• Abundant resource for a 100 year life of mine;
• 5 million tonnes per annum load out infrastructure capacity; and
• Well established product.