Proactive Investors - Run By Investors For Investors

Jupiter Mines continues to deliver strong returns to shareholders

Since listing, Jupiter has far exceeded its stated 70% payout dividend policy.
manganese
Over the last three years, $300 million has been paid out to shareholders

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.

View full JMS profile View Profile

Jupiter Mines Limited Timeline

Related Articles

Zinc element
July 01 2019
The company’s strategy revolves around acquiring resource projects where early risk has been mitigated while major potential remains to add value to the sites
Platina’s scandium oxide sample
April 10 2019
Products derived from Platina’s scandium can produce master alloy material.
Underground mining in action
January 18 2019
The company has exploration upside both at its copper operations and at its Torrens Project.

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use